YTL Group and SEA Limited today officially announced the launch of their digital bank, Ryt Bank. This digital bank is said to be the world's first bank powered by artificial intelligence. Ryt Bank is the fifth digital bank in Malaysia and the last after GX Bank, AEON Bank, Boost Bank, and also KAF Digital Bank before it.
With the integration of artificial intelligence, users can chat with Ryt AI for transaction purposes, including sending pictures and asking it to perform transactions. Various fields will be automatically filled in based on the pictures, and the user will be asked to perform final confirmation.
In conjunction with this introduction, Ryt Bank promises returns of up to 4% per annum, in addition to offering Ryt PayLater which provides instant credit of up to RM1499 as a start. Users can also apply for the Ryt card as a result of Visa's collaboration, which allows users to withdraw cash from ATMs nationwide without charges.
For those of you who are interested, you can download the Ryt Bank application, and use it in transactions. For your information, this banking service is conventional and not sharia-compliant.