Malaysia Launches Ryt Bank -- The World's First AI-Powered Bank

KUALA LUMPUR, Malaysia,Aug. 25, 2025/PRNewswire/ -- Just ahead of Merdeka,Malaysiahas made history with the launch ofRyt Bank,The World's First AI-Powered Bankcreated by Malaysians, for Malaysians. Led by YTL Group in partnership with Sea Limited,Ryt Bankmarks a bold leap into the nation's digital future – combining world-class AI innovation with the values, languages, and lifestyles that defineMalaysia.

"Ryt Bankdemonstrates that groundbreaking innovation can be imagined, built, and led right here inMalaysia. 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.

Banking Designed Around Malaysians

With in-app access inBahasaMalaysiaand English, with Mandarinavailable bySeptember 2025,Ryt Bankmakes banking truly inclusive, ensuring every Malaysian can bank with ease in the language they know best. This multilingual approach bridges cultures and communities, making money management accessible, personal, and intuitive, so every feature feels familiar, human, and secure.

Meet Ryt AI–Your Intelligent, Secure Banking Assistant

At the heart ofRyt BankisRyt AI, an always-on banking assistant powered byILMU,Malaysia'sfirst homegrown large language model. Ryt AI understands natural conversation – whether Bahasa Malaysia, English, or even Manglish – and can act instantly on everyday banking needs. From reading and paying bills to tracking spending and explaining financial basics in simple terms, Ryt AI brings together convenience, cultural fluency, and enterprise-grade security.

Built to solve real needs in one seamless app

Ryt Bankbrings every part of your financial life together, from saving and earning daily interest, to getting instant credit – It speaks your language, understands your needs, and gives you the tools to manage, grow, and access your money:

1.Smarter, Personal Banking with Ryt AI

Ryt AI puts personalisation at its core, adapting to your habits, preferences, and language to make every interaction intuitive, familiar, and effortless.

• Pay your way – Chat naturally via text to send money or transfer funds via DuitNow and pay bills instantly.
• Snap, upload& pay – Works with utility bills, receipts, and over 20,000 billers via JomPAY.
• Learn as you bank – From savings guides to finance basics, explained simply in the way Malaysians speak, making financial literacy accessible to everyone.
• Secure& seamless – Every action is verified and encrypted before it's done.
• Special launch reward – Try Ryt AI and get up toRM5.

2. Grow Your Money, Effortlessly

Savings that support both your everyday needs and future plans.

• Earn interest up to 4% p.a., paid daily into your account.
• No lock-in. Just daily growth.

3. *Ryt PayLater - credit for your everyday 

• Instant credit up toRM1,499to start.
• No documents. No late fees.
• 0% interest when paid within the first month.
• Earn 1.2% cashback on DuitNow QR payments.
• 2X cashback with participating ecosystem partners such as Yes stores.
  
  *Eligibility check applies

4. Spend Anywhere with the All-in-One Ryt Card      

Switch between debit and credit instantly in the app& and enjoy global acceptance powered by Visa.

For a limited time, customers can enjoy a special edition Ryt Card design and get their card for free. 

• Unlimited 1.2% cashback overseas.
• Zero foreign transaction fees.
• Zero ATM withdrawal fees nationwide.
• Exclusive partner rewards — enjoy anRM8Shopee voucher when you pay with yourRyt Cardand savor 20% off dining at YTL Hotels restaurants. More to come.

Safe, Licensed, and Trusted

Ryt Bankis licensed by Bank Negara Malaysia, with your money protected by PIDM (up toRM250,000per depositor). Our advanced security features include biometric login, multi-layered encryption, and real-time fraud alerts.

A Proud Malaysian Innovation

Ryt Bankis more than a financial product. It's a symbol ofMalaysia'scapability to innovate for its own people. DownloadRyt Banktoday from the App Store or Google Play and experience smarter banking, your way.

Instagram:@rytbankmy

HYPERLINKhttps://instagram.com/rytbankmyFacebook:Ryt Bank

Website:www.rytbank.my

AboutRyt Bank

Ryt Bankis The World's First AI-powered bank, led by YTL Group in partnership with Sea Limited. Committed to inclusive innovation,Ryt Bankblends technology with cultural intelligence – making banking simpler, smarter, and more secure for every Malaysian.

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