Overview

• In a press release ahead of Merdeka, the company positioned Ryt Bank as “the world’s first AI‑powered bank.”
• YTL Group leads the venture in partnership with Sea Limited, with a Visa‑branded Ryt Card for global acceptance.
• Ryt AI is powered by ILMU, described as Malaysia’s first homegrown large language model, with app support in Bahasa Malaysia and English now and Mandarin planned by September 2025.
• Product features include savings with interest up to 4% per year paid daily, Ryt PayLater instant credit up to RM1,499 with 0% interest if repaid in the first month, and the ability to switch the Ryt Card between debit and credit in‑app.
• The press materials state deposits are protected by PIDM up to RM250,000 per depositor and cite security features such as biometric login, multi‑layered encryption and real‑time fraud alerts.