This new corporate cashback card marks American Express's first corporate card that connects to expense management software, and it pairs with an AI-powered expense management platform launching at the same time.

Facing increasingly intense competition from fintech companies, American Express is rolling out an AI-enabled expense management platform alongside a new version of its corporate card.

This all-new corporate cashback card is the company's first corporate card that can plug into expense management software. The platform runs on a brand-new dedicated mobile app, with AI agents to be introduced later to automate some day-to-day expense management and accounts payable workflows.

Raymond Joabar, President of American Express Global Commercial Services, said: "American Express's commercial business segment offers midsize companies a distinctly different approach to expense management, helping businesses achieve stronger control and greater transparency."

Expense management fintech players such as Ramp and Brex are putting greater competitive pressure on the traditional card-issuing giants in corporate finance. Ramp, which provides bookkeeping and AI financial tools to businesses, completed a funding round this spring at a post-money valuation of $44 billion. Brex, a corporate card and expense management provider, was acquired by Capital One in April for $5.15 billion.

Meanwhile, American Express has taken a measured approach, steadily strengthening its commercial business. In April 2025, it acquired the smaller expense management software platform Center; this year it also acquired Hyper, a platform backed by OpenAI co-founder Sam Altman, which uses AI agents to automatically handle various expense management tasks.

As fintech companies keep rolling out more modern spend management services, the commercial business has become American Express's top growth priority. Chief Financial Officer Christophe Le Caillec said at a conference earlier this month: "I think this business needs an unprecedented level of focus within American Express."

The expense management software launched alongside the new card allows finance teams to customize spending policies for different employees and different departments; the software also automatically aggregates spending data from all cards, speeding up the financial close process.

The accompanying new expense management mobile app can automatically generate expense reports based on spending records, so employees don't need to fill them out manually; the app also reviews each expense against company policies and flags non-compliant spending records.

The service is intended to give employers a better grasp of how much money is being spent and where it is going. For employees, the new service provides a clearer understanding of company policies and what can be reimbursed for various items.

Joabar said the platform mainly targets midsize companies with annual revenue of $10 million to $300 million. All the new services are integrated into a single platform, and more AI features and accounts payable-related products will roll out over the weeks to months following the initial launch.

Joabar said American Express had already begun laying the groundwork for connecting corporate cards to an expense management platform when it acquired Center in April 2025, and has been advancing system integration since then, with Wednesday's official launch being the culmination of that work. "We have a whole pipeline of software products that will continue to improve our corporate member service ecosystem," Joabar said.

Later this year, the company plans to launch a next-generation AI agent: it can push expense-related suggestions to employees; employees can also ask the agent about reimbursement policies, submission deadlines and other related questions; and finance teams can query it about overall company spending and pull spending data analysis reports.

American Express also plans to expand the corporate card platform to connect with accounts payable software, enabling businesses to handle both employee reimbursements and supplier payments within the same system. The software will automate some business processes, including invoice receipt, approval, payment and account reconciliation.

Joabar expects the pace of new versions of the corporate card to accelerate significantly over the next few years, as artificial intelligence shortens the cycle from prototype development to product launch. "AI helps us deliver products to customers faster, compressing delivery cycles that used to be measured in quarters down to weeks or months," Joabar said.