Malaysia is stepping confidently into the future of banking with Ryt Bank – the nation’s first institution driven by artificial intelligence. Born from a collaboration between YTL Group and Sea Limited, this bank combines cutting-edge technology with a distinctly local touch, proving that innovation can be built right here at home.
Dato’ Seri Yeoh Seok Hong, Managing Director of YTL Power International, sums it up nicely: Ryt Bank not only showcases homegrown ingenuity but also rethinks how financial services can be more accessible. The user-friendly app is available in Bahasa Malaysia and English, with Mandarin support on the horizon, ensuring that a wider range of users can take advantage of its smart features.
At the core of the bank is Ryt AI, powered by ILMU – Malaysia’s first locally developed large language model. If you’ve ever struggled with juggling multiple banking tasks, this digital assistant might be just what you need. It handles everything from managing bill payments and tracking expenses to offering clear, practical financial advice in everyday language.
Ryt Bank consolidates your savings, loans, spending, and bill payments into one intuitive platform. With innovative features like text-based money transfers, instant payment via receipt scanning, and flexible services including the Ryt PayLater credit option and the dual-mode Ryt Card (switching effortlessly between debit and credit), banking just got a lot simpler. Plus, existing customers enjoy up to 4% annual interest on savings, and new users get a welcome reward.
Licensed by Bank Negara Malaysia and insured by PIDM for deposits up to RM250,000, your security is a top priority. Robust measures such as biometric logins, encryption, and real-time fraud alerts ensure that your finances are well protected. Ryt Bank is a fine example of how thoughtful technology implementation can shape a more practical and secure banking experience.
