Explanation:

The term disintermediation refers to the process of cutting out the financial intermediary in a transaction. It may allow a consumer to buy directly from a wholesaler rather than through an intermediary such as a retailer, or enable a business to order directly from a manufacturer rather than from a distributor. In the financial industry, it is seen when an investor is able to buy stock directly rather than through a broker or a financial institution. The purpose of disintermediation is usually to cut costs, speed up delivery, or both.
Disintermediation is used across various industries and is able to lower the overall cost of completing a transaction. Removing the intermediary may also allow a transaction to be completed more quickly. It is now a pillar of the internet model, where it is often called the business-to-consumer (B2C) model.