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Just days before celebrating Merdeka, Malaysia has made fintech history with the debut of Ryt Bank — the world’s first AI-powered bank created entirely by Malaysians. This new finance service is spearheaded by YTL Group in collaboration with Sea Limited.

“Ryt Bank demonstrates that groundbreaking innovation can be imagined, built, and led right here in Malaysia,” said Dato’ Seri Yeoh Seok Hong, Managing Director of YTL Power International. “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.”

 

Meet Ryt AI: Malaysia’s First Homegrown Banking Assistant

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At the core of Ryt Bank is Ryt AI — a multilingual, always-on assistant powered by ILMU, Malaysia’s first locally developed large language model. Fluent in Bahasa Malaysia, English, and Manglish (with Mandarin support coming September 2025), Ryt AI handles everything from bill payments to budgeting tips, all in natural conversation, such as:

  • Chat to pay bills, transfer funds via DuitNow, or get financial advice
  • Snap and upload bills or receipts to pay over 20,000 JomPAY billers
  • Learn as you bank — with guides explained in everyday Malaysian language
  • Enterprise-grade security with encrypted actions and biometric login
  • Launch reward: Try Ryt AI and earn up to RM5

 

What Else Can It Do?

Ryt Bank offers savings that work for both daily needs and long-term goals:

  • Earn up to 4% p.a. interest, paid daily
  • No lock-ins — just daily growth
  • Instant approval up to RM1499
  • No documents, no late fees
  • 0% interest if paid within the first month
  • 1.2% cashback on DuitNow QR payments
  • 2X cashback at Yes stores and other partners (eligibility check applies)

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Spend Smarter with the Ryt Card

Ryt Bank’s all-in-one Visa card lets users toggle between debit and credit instantly — with perks that go beyond borders:

  • Unlimited 1.2% cashback overseas
  • Zero foreign transaction & ATM withdrawal fees nationwide
  • Free special edition card (limited time)
  • RM8 Shopee voucher + 20% off dining at YTL Hotels restaurants

 

Safe, Licensed, and Trusted

Bank Negara Malaysia fully licenses Ryt Bank and is backed by PIDM protection (up to RM250,000 per depositor). Security features include biometric login, multi-layered encryption and real-time fraud alerts.

 

A Malaysian Innovation, Ready for the World

A milestone in Malaysia’s digital journey, Ryt Bank is built with local values and powered by homegrown AI. Interested users can now download the Ryt Bank app today on the Apple App Store or Google Play Store. For more information, you can visit its official www.rytbank.my website or follow its Facebook and Instagram pages here. Stay tuned for more trending tech news at TechNave.com.