Money in the Bank

You probably didn't know that disintermediation was coined by the banking business.

Disintermediation is defined by Wikipedia (which disintermediated paper-based encyclopedias) as “The term was originally applied to the banking industry in about 1967: disintermediation referred to consumers investing directly in securities rather than leaving their money in savings accounts, then later to borrowers going to the capital markets rather than to banks.” The Internet has had a strong impact in disintermediating several industries, with Amazon disintermediating book stores and later retailers in general. iTunes disintermediating music stores and record companies, Netflix disintermediating Blockbuster and other video chains, CraigsList disintermediating classified ads in most newspapers. If we think about it we can see that the Internet started a revolution of disintermediation.

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