disintermediation Meaning in the Cambridge English Dictionary
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Meaning of “disintermediation” in the English Dictionary

"disintermediation" in Business English

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disintermediationnoun [U]

uk   us   /dɪsˌɪntəmiːdiˈeɪʃən/
FINANCE the ​situation in which ​sellers and ​buyers of ​financialproductsdeal directly with each other, rather than using ​banks, etc.: The ​internet is, ​potentially, the greatest ​force for disintermediation the ​banks have ever had to ​tackle.
COMMERCE the ​situation in which ​manufacturerssell directly to ​consumers, rather than through ​stores, etc.: Throughout ​Europe, ​governments are ​anticipating a devastation of the ​retailsectorworkforce caused by 'disintermediation': the ​elimination of the ​middleman.
(Definition of disintermediation from the Cambridge Business English Dictionary © Cambridge University Press)
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