American Express Unveils Revamped Amex Corporate Platform with AI Integration

American Express has rolled out its revamped Amex Corporate platform, integrating cashback cards, expense software, and AI capabilities in an effort to make corporate spending easier to manage.

The platform connects card transactions with expense reporting, and the mobile app enables employees to submit expenses as purchases happen. Businesses can also set rules governing where, when, and how employees spend.

American Express plans to add AI agents later this year that will chase missing expense details and answer finance teams' spending questions.

The shares stood at $300.225 on October 2, down approximately 0.6% from the previous day.