Editor
Celine Low chevron_right
Banking can sometimes feel complicated and inconvenient, with branch visits and endless forms.
But a new Malaysian innovation is here to change that. Ryt Bank (pronounced "right") is the world's first AI-powered bank, and it's built to ease your financial doings. It's a digital bank, a joint venture between Malaysia's YTL Group and Singapore's Sea Limited.
Everything you need to do — from opening an account to paying bills — is done entirely on your mobile phone, 24/7. With the help of its very own AI assistant, Ryt AI understands how you speak and act, making every interaction feel personal and easy. It can even speak Bahasa Malaysia, English, and soon, Chinese.
A Bank that Thinks Like You
Instead of navigating menus, you can just chat with Ryt AI via text.
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Pay Your Way: Just type a message to send money via DuitNow or pay bills instantly. You can even pay bills by taking a picture of them.
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Learn as You Bank: The AI can explain financial basics, like saving tips, in simple terms that are easy for everyone to understand.
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Instant Help: Need to track your spending? Have a question about your account? Ryt AI is there to help instantly, without you needing to wait in a queue or visit a branch.
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Grow Your Money, Effortlessly
Ryt Bank also offers financial products with extra benefits to help you manage your money.
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Daily Interest on Savings: Grow your money every single day with an interest rate of up to 4% per annum, paid daily into your account. There's no lock-in period, so your money is always available.
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Ryt PayLater: Need a little extra to cover a purchase? This feature gives you instant credit of up to RM1,499 with no documents and no late fees. You'll also get 0% interest if you pay within the first month.
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The Ryt Card: This is an all-in-one card you can control in the app. You can switch between debit and credit instantly and use it anywhere in the world. It offers unlimited 1.2% cashback overseas and zero foreign transaction or ATM withdrawal fees in Malaysia.
It's natural to have questions about a new digital bank, but Ryt Bank is built on a foundation of trust. It is fully licensed by Bank Negara Malaysia, and your money is protected by PIDM for up to RM250,000 per depositor. The bank also uses advanced security features like biometric login and multi-layered encryption to keep your details safe.
"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," YTL Power International lead, Dato' Seri Yeoh Seok Hong said.
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