Finance

First Look At Malaysia’s First AI-Powered Bank, Ryt Bank

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First Look At Malaysia’s First AI-Powered Bank, Ryt Bank

AI Summary

Ryt Bank, Malaysia's first AI-powered digital bank, is launching soon. Its key feature is the Ryt AI chatbot, integrated into the banking experience. Account registration is done via the app (available on Google Play and App Store) using eKYC, requiring phone number, IC scan, and a selfie. The process takes a few minutes to 48 hours. The app offers standard banking features like transfers and QR payments, a main savings account with a 3% per annum interest rate, and a Ryt Pocket for rewards. A Save Pocket feature is also available.

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