Financial intermediation is best defined as the process by which
Borrowers and Savers. There are two main roles in the financial intermediation process: borrowers, also known as spenders and savers, also called lenders. Let's look at borrowers first. Borrowers need money for various reasons; to purchase a home, start a business, pay for business expenses, and fund programs.dvantages of Financial Intermediation. There are several advantages of the financial intermediation process. However, there are three main advantages we'll discuss. The first is a reduction in costs.