August 25, 2025, Kuala Lumpur, Malaysia – The world’s first AI-powered bank designed by Malaysians, for Malaysians, Ryt Bank was launched just before Merdeka, marking a significant milestone for the country. Ryt Bank, led by YTL Group in collaboration with Sea Limited, represents a daring step into the country’s digital future by fusing cutting-edge AI innovation with the customs, languages, and values that make Malaysia unique.
Ryt Bank demonstrates that groundbreaking innovation can be imagined, built, and led right here in Malaysia. By combining homegrown AI with the values and diversity of our people, we’ve created a bank that Malaysians can proudly call their own – one that speaks our languages, understands our culture, and sets a new standard for how banking should feel. – Dato’ Seri Yeoh Seok Hong, Managing Director, YTL Power International.
Malaysian Banking
Ryt Bank was created to operate in the languages that the majority of Malaysians speak on a daily basis. Its app is currently available in English and Bahasa Malaysia, and Mandarin support is expected to be added by next month (September 2025). The bank hopes to make financial services more accessible and user-friendly for individuals from a wide range of groups by providing multilingual access.
Ryt AI, a digital assistant driven by ILMU, Malaysia’s first domestically designed big language model, is the focal point of the AI-powered bank. Ryt AI can respond to queries instantaneously and comprehend conversational communication in English, Bahasa Malaysia, or a combination of the two.
The AI assistant can track spending, interpret and pay bills, and clearly explain financial concepts. The goal is to preserve enterprise-grade security while combining convenience and cultural familiarity.
One app for daily AI banking
The purpose of Ryt Bank is to consolidate various financial requirements onto a single platform. Ryt AI makes the process more conversational and individualized for users who use the AI bank app to save, spend, borrow, and pay bills.
Using Ryt AI for personal banking
- With support for JomPAY and DuitNow, you can use text chat to send money or pay bills.
- Bills or receipts can be snapped and uploaded for immediate payment.
- As you bank, you can get instructions and basic financial explanations.
- For security, every activity is encrypted and validated.
- When new users try Ryt AI, they can get a little launch incentive of up to RM5.
Making more money
- Consumers receive daily credits of up to 4% annual interest.
- Withdraw money at any moment; there are no restrictions.
PayLater Ryt
- Instant access to up to RM1,499 in credit.
- zero percent interest if repaid within a month.
- No paperwork, no late fees.
- Get additional benefits with specific partners and rebates on DuitNow QR payments.
The Ryt Card
- Using the app, switch between credit and debit card models.
- Accepted everywhere with Visa.
- There are no ATM or foreign transaction fees in Malaysia.
- Cashback on purchases in addition to partner deals like YTL Hotels dining discounts and Shopee coupons.
Banking according to Bank Negara regulations
The AI bank is protected by PIDM, which safeguards deposits up to RM250,000 per customer, and has a license from Bank Negara Malaysia. Real-time fraud alerts, multilayer encryption, and biometric login are examples of security features.
An improvement for the banking industry in Malaysia
The debut of Ryt Bank demonstrates how AI is being applied to reimagine conventional banking. By supporting regional languages and creating its own AI assistant, it seeks to increase accessibility to financial services while meeting security and regulatory requirements.
Designed to address actual demands in a single, smooth app
Ryt Bank streamlines many aspects of your financial life, including immediate credit, daily interest income, and saving. It understands your needs, speaks your language, and provides you with the resources you need to build, manage, and access your finances:
1. Personal Banking Made Smarter with Ryt AI
Ryt AI prioritizes personalization by adjusting to your language, habits, and preferences to make every encounter natural, comfortable, and intuitive.
- Make your own money: Text a natural person to send money, transfer money via DuitNow, and pay bills instantly.
- Capture, upload, and pay. Utilizes JomPAY to work with over 20,000 billers, utility bills, and receipts.
- Learn as you bank: Everything from finance fundamentals to savings advice is presented simply in Malaysian, so anyone may become financially literate.
- Secure and smooth: Before any action is taken, it is encrypted and validated.
- Try Ryt AI and receive up to RM5 as a special launch prize.
2. Increase Your Income Effortlessly
Savings to support your long-term goals and daily necessities.
- Get interest sent into your account every day up to 4% annually.
- No lock-in. Only growth every day.
3. Credit for your daily expenses with Ryt PayLater
- RM1,499 in instant credit to begin.
- No paperwork. There are no late fees.
- If paid within the first month, no interest is charged.
- Get 1.2% cashback when you pay using a DuitNow QR code.
- With participating ecosystem partners like Yes shops, you can get double cashback. The eligibility check is applicable.
4. Use the All-in-One Ryt Card to Spend Anywhere
Instantly switch between credit and debit using the app, and take advantage of Visa’s worldwide acceptance.
Customers can acquire their card for free and enjoy a limited-edition Ryt Card design.
- Unrestricted 1.2% cashback abroad.
- No costs for international transactions.
- Nationwide, there are no ATM withdrawal fees.
- Special partner benefits: take advantage of 20% off eating at YTL Hotels restaurants and receive an RM8 Shopee voucher when you pay with your Ryt Card. There will be more.
Trusted, Licensed, and Safe
Bank Negara Malaysia has granted Ryt Bank a license, and PIDM protects your money up to RM250,000 per depositor. Real-time fraud warnings, multi-layered encryption, and biometric login are some of our sophisticated security features.
A Proud Innovation from Malaysia
There is more to Ryt Bank than just financial products. For its own people, it represents Malaysia’s capacity for innovation. Get Ryt Bank now from Google Play or the App Store to start banking smarter the way you want.
Conclusion
A major advancement in financial services, the AI-powered Ryt Bank is turning the conventional banking model into a highly customized, data-driven experience. Ryt Bank is more than just a digital bank; it’s a strategic partner that enables consumers to make better financial decisions by utilizing artificial intelligence for everything from automated financial guidance to fraud detection.
Convenience isn’t the only reason for this new era of AI-powered banking. It’s about establishing a foundation of efficiency and trust that conventional banks often struggle to match. The success of Ryt Bank demonstrates that a smooth integration of cutting-edge technology with human-centric design will shape the financial industry of the future and make it more intelligent, safe, and accessible.
FAQ
Which is the world’s first AI-powered bank?
Ryt Bank. Ryt Bank is The World’s First AI-powered bank, led by YTL Group in partnership with Sea Limited.
Which bank launched AI-powered VRM?
We are thrilled to present ADITI. The next-generation Virtual Relationship Manager is designed to enhance customer interactions and revolutionize the banking experience.
Who launched India’s first AI data bank?
The launch of the AI Data Bank in November 2024 is a pivotal step in leveraging AI for national development.
Is Ryt Bank safe?
Ryt Banks also ticks all the boxes when it comes to the safety of your funds.
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