Our business idea will perfectly fit a big gap in the market which is the investing gap, normal human brokers take huge fees on investing your money, our subscription uses Artificial Intelligence AI which will save a lot of salaries and cuts a lot of costs for us, and that will help us to charge fewer fees to our consumers compared to competitors, which will attract a lot of people, and that will give us a huge advantage over our competitors.

Another advantage or privilege that our business supports the government 2030 vision and SAMA, which encourages people to save and invest and budget control. We can lend the money that we borrowed and invest it with startups, small and medium companies which will give us a higher rate of return and support the 2030 vision.

Business idea description

Our business idea will take a normal bank account to another level, to make your bank account your personal financial advisor. Our service can help you save your money and invest it with a professional guide that uses Artificial Intelligence (AI), which helps us to cut extra brokers costs and give our consumers the best price they can have. In your bank application, you can check your portfolio improvement and your future savings raise, which makes you know when to spend and when to stop, and how to move your money to tomorrow, just via the subscribe button.

Questions:

1) Outline how your groups idea fits into the competitive market. (Max. 200 words)

You are required to use an academic referencing convention, and the word count does not include citations. Grading criteria: Your submission for Question 1 will be graded according to the following guidelines. Adherence to the instructions: Response addresses the question in 200 words or less. Clarity and organisation of the argument: Writing is clear, and arguments are well structured and comprehensible. Application and critical engagement with core concepts: Answer demonstrates understanding of how understanding competitors and the competitive landscape impacts the strategic direction of the groups idea.

2) For this question, your group will continue to work on your Business Model Canvas (BMC). This week you will complete the key activities and key partners sections of your BMC. Complete the following two sections of your Business Model Canvas: Key activities Key partners. Provide a short rationalisation for the two sections of the Business Model Canvas you completed for Question 2, providing any additional context you think is necessary.

Key activities (Max. 50 words) Key partners (Max. 50 words)