Disintermediation has been the term of choice for more than a decade and it pops up in conversation with people in all the industries where it's taking place.
There is also
disintermediation of funds to brokerage houses.
It's that wretched made-up word again:
disintermediation.
Time was that any development in alternative risk would have the brokers crying foul and muttering "
disintermediation." No longer.
Just think about the transition that banks have made from that cozy world to today's marketplace and the hurdles that had to be overcome: the loss of corporate borrowers to capital markets, the
disintermediation to mutual funds, problems with developing-country debt, the near extinction of the thrift industry, and so much more.
"A second theme is the
disintermediation that has occurred and efforts of those affected to ward off these threats to the middlemen.
Disintermediation was the order of the day; the middleman's days were numbered.
These changes include consolidation of outlets, emergence of superstores,
disintermediation, use of the Internet, and micro-marketing.
"Dot-coms that were concerned only about aggregating eyeballs or
disintermediation or other so-called business strategies are in deep trouble or no longer standing," says Geoffrey Bock, a senior analyst for the Patricia Seybold Group, a market research firm in Cambridge, Mass.
He explains and defines business, stock market, and technology terms from
disintermediation and triple witching to twisted pair and horizontal portal.
The word "
disintermediation" is discussed in reference to future technologies.
The trend toward
disintermediation is closely associated with the emergence of electronic commerce.