FF News Logo
Sunday, September 07, 2025

Breaking News

Gemini Launches Staking and Derivatives for EU Customers Pave Finance, an AI-Powered, Institutional-Grade, Personalized Wealth Management Software Company Raises $14m in an Oversubscribed Seed Financing ebankIT to Unveil Industry’s Leading AI Transactional Banking Assistant Using Agentic AI at FinovateFall 2025 Varo Bank to Accelerate Responsible and Customer-Focused AI Efforts with New Chief Artificial Intelligence Officer Asmau Ahmed Tangram Taps INSTANDA to Accelerate Launch of Fully Customizable E&S Insurance Product for Security Guard Industry Q2’s AI-Driven Enhanced Payee Match Detects 3x More Suspected Fraud For Customers In Its First Year Lead Bank Closes Series B Fundraising Round equipifi® Joins the Jack Henry™ Fintech Integration Network and Expands Access to Bank BNPL Elliptic Powers Risk Intelligence for BVNK’s Layer1 – Enabling Stablecoin Payments, Trading and Settlement at Scale Elysian Raises $6M Seed Round to Redefine Insurance Claims Services with AI-Native Platform PayPal Selects Nova Credit to Power U.S. Cash Flow Underwriting Weyay Bank Empowers Customers With Hide Your Money From Yourself Campaign 1Money Secures 34 U.S. Money Transmitter Licenses and Bermuda BMA Class F License to Support Stablecoin Payments Worldwide Spinwheel Secures Strategic Investment from Citi Ventures to Accelerate the Future of the Consumer Credit Ecosystem Pointsville Secures Series A Funding Led by Valor Capital Group with Global Strategic Partners to Accelerate Asset Digitization & RWA Growth

Brex Gives Every Employee an Expense Assistant With AI

Brex, the only unified global spend platform, announced today the launch of Brex Assistant, a first-of-its-kind, proactive assistant that simplifies expense management for employees and improves their productivity. Brex Assistant is the flagship product of Brex AI, a suite of capabilities that transform spend management to enable unprecedented levels of efficiency, compliance, and accuracy.

Brex Assistant uses the power of natural language and autonomous AI agents, combined with data integrated from calendar information, organizational context, past expenses, and exclusive integrations, to automatically populate expense documentation and assign the expense to the appropriate category and budget with unparalleled accuracy. For example, Brex Assistant knows when an employee is traveling for work based on their calendar. When they book a flight, Brex Assistant automatically assigns the appropriate travel budget, fills out the business memo, and generates the itemized receipt. The expense is fully compliant with the company’s policies, all without any employee effort.

In addition to automating expense information, Brex Assistant has the ability to:

  • Answer questions employees would traditionally ask their finance team such as “How much am I allowed to spend per day at the offsite?” and “What other restrictions apply for this trip?”
  • Respond to and execute employees’ commands on how to best complete expenses with simple prompts such as “Route all charges from DoorDash to my WFH Meal Stipend.”
  • Answer questions about a past transaction to help employees remember the business context, such as “What was on my calendar when I expensed this Uber?”

“Brex is known for offering an amazing employee expense experience, and by giving everyone an assistant of this caliber, we’ve shipped our most groundbreaking experience yet,” said Henrique Dubugras, Brex’s co-founder and co-CEO. “Finance teams and managers can look forward to record-breaking employee compliance levels and increased productivity.”

While Brex has been leveraging AI since inception across underwriting, fraud, receipt matching, merchant categorization, and other product areas, it has dialed up its AI investments over the past year, particularly in customer-facing applications. With these capabilities, Brex has:

  • Saved the average enterprise customer 300 hours per month in employee expense compliance effort
  • Saved customers an annualized $18M+ by blocking out-of-policy spend through AI-powered controls
  • Automatically generated over 1.4M receipts and 1M receipt memos
  • Automatically GL-coded millions of transactions to minimize manual finance team reconciliation
  • Automatically filled more than 450,000 reimbursements for employees through optical character recognition (OCR) technology
  • Automatically approved more than 2.7M in-policy expense transactions

“With Brex’s AI and automation capabilities, our accountants are able to close the books faster than ever before. We average a three-day close now. We were at a five- to seven-day close because AP was trying to track down what each expense was, why we were spending it, and who was doing the spending. Brex allows us to get quicker at turning around data and information internally,” said Aaron Wilkins, Executive Vice President at Human-I-T.

People In This Post

  1. Gemini Launches Staking and Derivatives for EU Customers Read more
  2. Pave Finance, an AI-Powered, Institutional-Grade, Personalized Wealth Management Software Company Raises $14m in an Oversubscribed Seed Financing Read more
  3. ebankIT to Unveil Industry’s Leading AI Transactional Banking Assistant Using Agentic AI at FinovateFall 2025 Read more
  4. Varo Bank to Accelerate Responsible and Customer-Focused AI Efforts with New Chief Artificial Intelligence Officer Asmau Ahmed Read more
  5. Tangram Taps INSTANDA to Accelerate Launch of Fully Customizable E&S Insurance Product for Security Guard Industry Read more
Sibos | FFNews