disintermediation
Concise Oxford English Dictionary © 2008 Oxford University Press:
disintermediation/dɪsɪntəmiːdɪˈeɪʃ(ə)n/
▶noun Economics reduction in the use of banks and savings institutions as intermediaries in the borrowing and investment of money, in favour of direct involvement in the securities market.
– derivatives
disintermediate verb.
disintermediate verb.
'disintermediation' also found in these Oxford entries:

