disintermediation

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Related to disintermediated: Reintermediation

disintermediation

The elimination of the distributor and/or retailer (the middleman) when making a purchase. The term is used to refer to purchasing directly from a manufacturer's website, the benefits of which are convenience, fast turnaround time and sometimes lower prices. Obviously, retail stores are very much against disintermediation. See re-intermediation.
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References in periodicals archive ?
"We are very strongly advocating something that the government should be advocating, [namely] a totally disintermediated, capital market driven infrastructure financing.
"If you look at the infrastructure that's been built up around cryptocurrency, which is supposed to be a fundamentally peer-to-peer, decentralized, disintermediated asset class, the great irony is that the infrastructure really resembles the legacy system of Wall Street," Carlson said.
Agents that upgrade their digital systems and capabilities to parallel the innovation initiatives of their carriers can be a key part of the solution in making insurance an easier and more engaging experience, rather than part of the problem to be disintermediated away for good.
In this new world, banks and payment service providers must comply with new standards, deal with complex legacy systems, compete with digital-first consumer-centric companies for customer mindshare and innovate to maintain their competitive edge or risk getting disintermediated that's a tall order.
But some brands, fearing that they will be disintermediated in the same way that they were in the early days of Facebook, are concerned about big companies like Google and Amazon having such a powerful position in the voice assistance market, noted Susan Etlinger, industry analyst for Altimeter Group.
The study warns that the role of agencies is "becoming more exe- cutional" and risks "being gradually disintermediated".
There is no doubt the wealth management industry should certainly feel challenged to integrate digital solutions and feature sets or risk being disintermediated. But no commoditized option will ever be able to offer clients the level of care, flexibility or personalized solutions that a qualified and properly trained wealth manager can.
The first one is the fear of being disintermediated when an end customer starts to consume IT in a different way.
The development and deployment of this jointly managed global mobile solution represents a new, disintermediated and highly disruptive paradigm in branded mobile services delivery.