YTL Group, Sea Limited launches AI-powered digital bank Ryt Bank in Malaysia

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Rei Fortes

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4 weeks ago

YTL Group, Sea Limited launches AI-powered digital bank Ryt Bank in Malaysia

The ‘What’s NEXT in Marketing 2025’ series is making waves in Singapore, the Philippines, Hong Kong, Indonesia, and Malaysia. Join us in shaping the future of marketing!

Malaysia — Malaysia has introduced Ryt Bank, the world’s first AI-powered bank, developed by YTL Group in partnership with Sea Limited. The initiative represents a step in the country’s digital banking landscape by combining artificial intelligence with multilingual and locally relevant services.

The bank’s application is currently available in Bahasa Malaysia and English, with Mandarin scheduled for release in September 2025. This approach is intended to make digital banking more accessible across Malaysia’s diverse communities.

Ryt Bank incorporates Ryt AI, a digital assistant powered by ILMU, Malaysia’s homegrown large language model. The assistant is designed to interact in natural language, including Bahasa Malaysia, English, and Manglish, to support users with tasks such as bill payments, expense tracking, and financial education.

“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,” said Dato’ Seri Yeoh Seok Hong, managing director at YTL Power International.

The platform integrates multiple financial services in one app. Users can transfer funds, pay bills, and manage routine transactions, with security features that include encryption and verification for every action. A small introductory reward is offered to first-time users.

The savings feature provides daily interest of up to 4% per annum without lock-in requirements, allowing users to manage both short- and longer-term financial needs.

Ryt PayLater extends instant credit of up to RM1,499 with no interest charged if repayment is made within the first month. It requires no supporting documents, carries no late fees, and offers limited cashback opportunities, subject to eligibility checks.

The Ryt Card combines debit and credit functions in a single Visa-powered card, allowing users to switch between modes in-app. The card provides overseas cashback, waives foreign transaction and local ATM withdrawal fees, and includes limited-time launch offers and partner rewards.

The Ryt Bank app is now available for download on the App Store and Google Play.

Celebrate the creativity and brilliance of advertising at the Advertising Awards Asia Pacific 2026! Happening this March in Singapore, we’ll be honouring the region’s most trailblazing advertising campaigns and visionary leaders— submit your entries today!
The NEXT Awards 2025 is here, and we’re seeking the most innovative marketing campaigns from Indonesiathe Philippines, Malaysia, Singapore and Asia Pacific. Submit your entry today and showcase your best work!
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Video Title Here: The Indonesian on-ground activation status

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Video Title Here: The Indonesian on-ground activation status

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos.