disintermediation

[ dis-in-ter-mee-dee-ey-shuh n ]
/ ˌdɪs ɪn tərˌmi diˈeɪ ʃən /

noun

the act of removing funds from savings banks and placing them into short-term investments on which the interest-rate yields are higher.

Origin of disintermediation

First recorded in 1965–70; dis-1 + intermediation

British Dictionary definitions for disintermediation

disintermediation
/ (dɪsˌɪntəˌmiːdɪˈeɪʃən) /

noun

finance the elimination of such financial intermediaries as banks and brokers in transactions between principals, often as a result of deregulation and the use of computers