Malaysia Launches Ryt Bank: AI-Powered Digital Banking with 4% Interest Rates

Malaysia has launched Ryt Bank, a new digital banking platform powered by artificial intelligence (AI). This innovative offering promises up to 4% annual interest rates and instant credit of up to RM1,499 ($354.3) without traditional documentation requirements. The bank’s launch marks a significant step for Malaysia in the realm of AI-driven financial services, integrating multilingual capabilities and secure features with its user-friendly interface.