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Amex Accelerates Business Banking Push with High-Yield Savings Account and AI Tools

Guavy AI Editorial Team
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AXP
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American Express (Amex) has continued its push into business banking by launching a high-yield American Express Business Savings Account and announcing new artificial intelligence tools.

The company's strategy, which combines lending, payments technology, and services, aims to challenge banks' dominance in small business finance.

As part of the updates, Amex will allow Graphite Business card members to redeem rewards for deposits into their Amex business checking account later this year.

The company also plans to launch a new payroll system with AI-powered insights in early 2027.

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