Malaysia Unveils Ryt Bank—A Landmark in AI-Powered Banking

Ryt Bank brings 24/7 AI banking to Malaysia with smart fraud detection, instant credit, and multilingual support—setting new fintech standards.

Malaysia has made history with the launch of Ryt Bank, the nation’s first artificial intelligence-driven bank. Developed locally by YTL Group in partnership with Sea Limited, Ryt Bank combines cutting-edge AI with the values, languages, and lifestyles of Malaysia’s diverse communities, making banking truly inclusive and personalized. Its app supports Bahasa Malaysia, English, and soon Mandarin, ensuring access for nearly everyone.

At the heart of Ryt Bank is "Ryt AI," a powerful assistant based on ILMU, Malaysia’s homegrown large language model. Ryt AI enables instant natural-language banking—helping users make bill payments, track spending, understand financial principles, and get daily interest earnings up to 4%. The bank’s security features include biometric login, multi-factor authentication, and real-time fraud alerts, with deposit protection up to RM250,000 from PIDM.

Ryt Bank’s real-time credit evaluation and PayLater feature provide up to RM1,499 instant credit with zero interest for the first month, promoting financial inclusion and flexibility. As Malaysia positions itself in the global fintech arena, Ryt Bank exemplifies how AI-first banking can redefine convenience, accessibility, and trust in financial services.

Use this topic to highlight Malaysia’s leap into AI-powered banking and showcase innovations that are shaping the future of fintech across Asia.

Ryt AI personalizes banking for Malaysians by communicating fluently in local languages like Bahasa Malaysia and English. It understands users’ habits to provide intuitive, 24/7 support for tasks like bill payments, money transfers, and financial guidance. The AI assistant offers real-time fraud detection, instant credit evaluation, and explains finance concepts in relatable terms, making banking accessible, secure, and user-friendly for all.

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