YTL Digital Capital Sdn Bhd (YTL) is, in partnership with Sea Ltd, officially launching Ryt Bank, its first AI-Powered Digital bank. The digital bank was approved by the Ministry of Finance and will be rolled out to the public in phases, in order to ensure a smooth launch.
“Ryt Bank is proud to be a bank built by Malaysians, for Malaysians. By empowering exceptional local talent, we have built a next-generation AI-powered platform that simplifies the customer experience – from fast, seamless onboarding to daily transactions – while delivering personalized and collaborative banking through advanced customer behaviour insights.”
As an AI-powered bank, it also features an AI-powered private banker, designed to simplify banking services, as well as deliver tailored financial insights and advanced savings strategies. It also features an advanced fund transfer feature that allows customers to transfer funds to other accounts with a single text input.
“In addition to innovation, Ryt Bank places security and transparency at its core. Customers benefit from advanced encryption, multi layer security, biometric face-matching verification, real-time fraud monitoring, and PIDM protection up to RM250,000 for each depositor. Ryt Bank’s services also come with no hidden fees, reflecting the bank’s commitment to honesty and trustworthiness.”
(Source: Ryt via LinkedIn)
