Malaysia Unveils Ryt Bank: The Nation’s First AI-Powered Banking Experience

AI is revolutionizing the banking landscape, bringing forth a new era of efficiency and personalization. With cutting-edge technology capable of analyzing vast data sets and managing routine tasks with unmatched speed, it’s no wonder that Malaysia is making headlines. Enter Ryt Bank, proudly introduced as the country’s first AI-driven bank, promising to redefine banking for Malaysians.

In a groundbreaking partnership between YTL Group and Sea Limited, Ryt Bank has emerged just ahead of Merdeka celebrations. “Ryt Bank exemplifies that profound innovation can be conceived, developed, and spearheaded right here in Malaysia,” expressed Dato’ Seri Yeoh Seok Hong, Managing Director of YTL Power International. This bank embodies homegrown AI blended with our rich cultural tapestry, creating a banking experience that resonates deeply with Malaysians—one that speaks our languages and understands our unique perspectives.

Banking Tailored for Malaysians

Ryt Bank is crafted with the daily linguistic needs of Malaysians in mind. Its app is currently available in Bahasa Malaysia and English, with Mandarin support set to launch next month. This multilingual approach ensures that financial services are accessible to diverse communities, fostering an inclusive environment where everyone can thrive.

At the heart of this innovative bank is Ryt AI, a digital companion built on ILMU, Malaysia’s pioneering large language model. Ryt AI can effortlessly engage in natural dialogue, whether in Bahasa Malaysia, English, or a blend of both, allowing users to receive assistance promptly and intuitively.

From paying bills to tracking expenses, Ryt AI simplifies complex financial concepts, making them easy to understand. This blend of convenience and cultural relevance comes paired with robust security measures to ensure peace of mind.

Comprehensive Banking in One App

Ryt Bank consolidates various financial needs into a single platform, allowing customers to manage their finances effortlessly. With Ryt AI at the helm, banking feels conversational and personalized, making each interaction unique.

Personal Banking with Ryt AI

Send money or pay bills via text chat with support for DuitNow and JomPAY.
Snap photos of bills or receipts for quick payments.
Access straightforward guides and explanations while banking.
All transactions are secured with encryption and verification.
New users can enjoy a launch bonus of up to RM5 when trying Ryt AI.

Growing Your Wealth

Earn up to 4% annual interest, credited daily.
Enjoy flexible access to your funds with no lock-in period.

Ryt PayLater Features

Instant credit of up to RM1,499 available.
0% interest if repaid within a month—no late fees and minimal hassle.
Earn cashback on DuitNow QR payments and additional rewards through select partners.

Ryt Card Benefits

Switch effortlessly between debit and credit options through the app.
Accepted globally through Visa, with no foreign transaction fees in Malaysia.
Benefit from cashback on purchases and exclusive partner deals, such as Shopee vouchers and dining discounts at YTL Hotels.

Compliant and Secure Banking

Ryt Bank operates under the watchful eye of Bank Negara Malaysia and is protected by PIDM, safeguarding deposits up to RM250,000 per customer. Enhanced security features include biometric login, layered encryption, and real-time fraud alerts, ensuring that every transaction is safe.

A New Era for Malaysia’s Banking Sector

The launch of Ryt Bank underscores the transformative potential of AI in reimagining traditional banking. With a commitment to enhancing accessibility and adhering to regulatory standards, Ryt Bank is paving the way for a more inclusive and responsive banking environment, all while celebrating local languages and innovations.

We invite you to explore this new frontier of banking. Join us in experiencing a service that not only meets but exceeds your expectations. Discover the possibilities with Ryt Bank and redefine your financial journey today!