YTL Digital Capital Sdn Bhd (YTL), in collaboration with Sea Ltd, is officially introducing Ryt Bank, its inaugural AI-driven digital bank. Approved by the Ministry of Finance, the bank will be launched in stages to ensure a seamless rollout. "Ryt Bank is a proud testament to Malaysian ingenuity, designed by Malaysians for Malaysians. Leveraging outstanding local talent, we have created a cutting-edge AI-powered platform that enhances the customer experience—offering swift, hassle-free onboarding and effortless daily transactions—while delivering tailored and collaborative banking services through advanced insights into customer behavior."

Ryt Bank, powered by AI, introduces an intelligent virtual private banker that streamlines banking services while providing personalized financial insights and advanced savings solutions. Additionally, it offers a sophisticated fund transfer feature, enabling customers to send money to other accounts with just a simple text input.

"Beyond innovation, Ryt Bank is built on a foundation of security and transparency. Customers are safeguarded with cutting-edge encryption, multi-layered security measures, biometric face-matching verification, real-time fraud detection, and PIDM protection of up to RM250,000 per depositor. True to its commitment to trust and integrity, Ryt Bank ensures its services come with no hidden charges."