YTL today also shared that their digital bank, Ryt Bank, will be launched at the end of August, in line with the introduction of ILMUchat. Interestingly, Ryt Bank is also powered by a public language model developed by YTL itself, called ILMU.
Ryt Bank is the first bank in Malaysia to use a chat or conversation interface. With it, users can instruct it to do something, and it will process it directly on the application, thus making banking easier. The integration of bots for conversations and financial transactions will also make Ryt Bank one of the first to integrate it and introduce it to the public.
Previously, a total of 5 digital banking licenses have been issued, and Ryt Bank is one of the recipients - the result of a joint venture between YTL and Sea Ltd. With this development, let's all look forward to the official launch of Ryt Bank soon.