Malaysia launches Ryt Bank, the first AI-powered bank 

• Incorporates Ryt PayLater with instant credit up to US$330 to start
• Ryt AI, built on ILMU, delivers services in Bahasa Malaysia, English & Manglish

Just ahead of Merdeka, Malaysia has made history with the launch of Ryt Bank — the first AI-powered bank, created by Malaysians for Malaysians. Led by YTL Group in partnership with Sea Limited, Ryt Bank marks a bold leap into Malaysia’s digital future, blending AI innovation with the values, languages, and lifestyles that define the nation.

“Ryt Bank demonstrates that innovation can be imagined, built, and led right here in Malaysia,” said Yeoh Seok Hong, managing director of YTL Power International. “By combining homegrown AI with the values and diversity of our people, we’ve created a bank Malaysians can proudly call their own — one that speaks our languages, understands our culture, and sets a new standard for how banking should feel.”

With in-app access in Bahasa Malaysia and English, and Mandarin rolling out by September 2025, Ryt Bank makes banking inclusive for all Malaysians. Its multilingual approach bridges communities and cultures, ensuring money management feels accessible, familiar, and secure.

At the core of the bank is Ryt AI, powered by ILMU, Malaysia’s first homegrown large language model. Ryt AI understands natural conversation in Bahasa Malaysia, English, and even Manglish, and can act instantly on everyday banking needs. From paying bills to tracking spending and explaining financial basics in simple terms, Ryt AI delivers convenience with cultural fluency and enterprise-grade security.

Built to solve real needs in one seamless app

Ryt Bank brings your financial life together — from saving and earning daily interest to accessing 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 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 to US$1.10 (RM5).

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 to US$330 (RM1,499) to 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 

[RM1 = US$0.22]

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 an RM8 Shopee voucher when you pay with your Ryt Card and savor 20% off dining at YTL Hotels restaurants. More to come. 

Ryt Bank is licensed by Bank Negara Malaysia, with your money protected by PIDM (RM250,000 per depositor). The bank’s advanced security features include biometric login, multi-layered encryption, and real-time fraud alerts.

A proud Malaysian innovation

Ryt Bank is more than a financial product. It’s a symbol of Malaysia’s capability to innovate for its own people. Download Ryt Bank today from the App Store or Google Play and experience smarter banking, your way.