August 25, 2025, Kuala Lumpur, Malaysia – Ryt Bank, the world’s first AI-powered bank made by Malaysians for Malaysians, was inaugurated right before Merdeka, a great milestone for the country. Ryt Bank, which is the imagination of the YTL Group in partnership with Sea Limited, is a bold move to the country’s digital future that combines the latest AI technology with the unique customs, languages, and values of Malaysia.
Ryt Bank proves that revolutionary innovation can be conceptualized, constructed, and spearheaded 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. The app has the English and Bahasa Malaysia languages at present, and support for Mandarin is anticipated to be added next month (September 2025). The bank is aiming to provide access in many languages to make financial services more accessible and friendlier to people coming from different backgrounds.
Ryt AI, a digital assistant powered by ILMU, Malaysia’s first homegrown large language model, is the main character of the AI bank. Ryt AI is able to answer questions in no time and understand dialogue in English, Bahasa Malaysia, or a mix of both.
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 charges for withdrawing money from ATMs and for foreign transactions in Malaysia.
They even give you back a percentage of every purchase you make, and besides that, you can take advantage of partner deals like dining at YTL Hotels with discounts and using coupons from Shopee.
Compliance with Bank Negara Regulations
The AI bank comes with PIDM protection, which covers customer deposits up to RM250,000, and it is licensed by Bank Negara Malaysia. Security measures include real-time fraud alerts, multilayer encryption, and biometric login.
A breakthrough Tech in the Banking Sector in Malaysia
The introduction of Ryt Bank is an example of the technological implementation in revamping the traditional banking system. By emphasizing local languages and developing its own AI assistant, it wants to make financial services accessible to all and, at the same time, comply with security and regulatory requirements.
To Meet Real Needs and to Do It All in One, Seamless App
Ryt Bank not only simplifies but also brings together the different facets of your financial life, like instant credit, daily interest income, and savings. 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 grow 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 cards in 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.
- Internationally, you get an unlimited 1.2% cashback.
- No charges for international transactions.
- No charges for ATM cash withdrawal at any point across the country.
- Special partnership benefits: enjoy a 20% discount on dining at YTL Hotels restaurants and get an RM8 Shopee voucher when you make a payment with your Ryt Card. More to come.
Reliable, Authorized, and Secure
Ryt Bank has been licensed by Bank Negara Malaysia, and your money is secure with PIDM up to RM250,000 per depositor. To mention a few, our advanced security measures include real-time fraud alerts, multi-layer encryption, and biometric access.
A Great Leap from Malaysia
There is a lot more to Ryt Bank than only financial services. 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.
One factor that led to this new period of AI-based banking is not just convenience. It is a matter of reliability and efficiency, which are the qualities that traditional banks often cannot provide. The case of Ryt Bank proves that the future credit world will be shaped by an intelligent, safe, and accessible financial system built through the seamless integration of state-of-the-art technology with human-centered design.
FAQs (Frequently Asked Questions)
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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