Ryt Bank
Malaysia's AI-first bank: an LLM assistant as the primary interface.
YTL+Sea AI-first digital bank.
- Who holds it
- The company itself — it holds a full banking licence — Digital bank license (BNM).
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Ryt Bank’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| AI | AI assistant as the interface |
| HQ | Kuala Lumpur, MY |
| Founded | 2025 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Digital bank license (BNM) |
| Card | No card |
| Yield | Savers |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Asia |
| Founders | YTL x Sea |
Verified links: official site ↗
Common questions about Ryt Bank
What is Ryt Bank?
Ryt Bank is a fiat neobank, headquartered in Kuala Lumpur, MY and founded in 2025. Your money is held custodially, so Ryt Bank or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Digital bank license (BNM)).
Does Ryt Bank have a card, and where can you use it?
It issues no card of its own. It is available in Asia.
Does Ryt Bank require KYC?
Yes. Ryt Bank requires identity verification (KYC) to open an account, as a licensed bank.
What does Ryt Bank cost?
From the verified fields: yield Savers. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Ryt Bank before relying on them.
Peers
Wise · KakaoBank · WeBank · bKash · Maya · GCash
Ryt Bank appears in
Neobanks that hold their own banking license (132) · Neobanks available in Asia (132) · Neobanks with no card of their own (67)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.