disintermediation
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English[edit]
Etymology[edit]
Noun[edit]
disintermediation (countable and uncountable, plural disintermediations)
- (banking, finance, economics) The removal of funds from a financial institution such as a bank for direct purchase of financial instruments.
- (business) The removal of an intermediary from a commercial transaction.
- The news industry is undergoing a massive disintermediation due to the ubiquitous low-cost communication made possible by the internet.
- 2014, Astra Taylor, chapter 2, in The People's Platform: Taking Back Power and Culture in the Digital Age, Henry Holt and Company, →ISBN:
- New-media thinkers, with their appetite for disintermediation and creative destruction, implicitly endorse and advance this transformation.
- 2017 August 15, Charles Duhigg, “The Rise of the Fidget Spinner and the Fall of the Well-Managed Fad”, in The New York Times[2], →ISSN:
- The logic of disintermediation seems self-evident: By putting factories directly in contact with stores, by helping customers order directly from manufacturers, by letting riders coordinate with drivers, you cut out a needless source of waste and inefficiency.
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