Malaysia’s AI bank breaks ground, setting new industry benchmarks

Free Malaysia Today

Putting AI at its operational core, Ryt Bank delivers on its ‘banking done right’ promise by offering unmatched innovation, convenience and value to Malaysians.   Read More:  https://www.freemalaysiatoday.com/category/nation/2025/10/09/malaysias-ai-bank-breaks-ground-setting-new-industry-benchmarks   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------  Check us out at https://www.freemalaysiatoday.com  Follow FMT on Facebook: https://bit.ly/49JJoo5  Follow FMT on Dailymotion: https://bit.ly/2WGITHM  Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h  Follow FMT on TikTok : https://bit.ly/3uKuQFp  Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX  Follow FMT LinkedIn - https://bit.ly/42YytEb  Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj  Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------  Download FMT News App:  Google Play – http://bit.ly/2YSuV46  App Store – https://apple.co/2HNH7gZ  Huawei AppGallery - https://bit.ly/2D2OpNP   #FMTExclusive #RytBank #ArtificialIntelligence #Banking

Transcript

00:00Why are we an AI-powered bank?

00:06What we realized is that banking and banking services,

00:10traditionally you would have to go to the bank counter,

00:13you'd have to QR.

00:15The banks dictate the times at which you get served.

00:20We want to be consumer first,

00:22and through technology we want to make your banking experience

00:25as easy and as enjoyable as possible.

00:27Let's be honest, banking can be a headache.

00:32Too many forms, numbers, and clicks.

00:35That's why RightBank, the world's first AI-powered bank,

00:38is tearing up the old rulebook.

00:40Built by YTL Group and C Limited,

00:43RightBank makes banking fast, smart, and more human-centric.

00:47And the best part?

00:49It's made by Malaysians for Malaysians.

00:52AI will help you to make payments.

00:55You can scan any bill, take a photo of any bill,

00:58and it will basically scan all the details for you

01:02and ask you whether this is what you want to pay.

01:04You just have to press approve, it scans your face,

01:06boom, and that's done.

01:08And so it takes out a lot of the pain points or the drudgery

01:12that is associated with paying bills.

01:15But Right isn't just about flashy tech.

01:18It's about real value.

01:214% interest per annum credited daily at 9am.

01:24Watch your savings grow every morning.

01:27RightCard, Visa-powered with 1.2% cash back on overseas spend.

01:32RightPay later, instant credit up to RM1,499 with cash back on QR payments.

01:39But of course, you may be wondering, is it safe?

01:44We are fully secure because we are only automating the parts of the admin work

01:51where you have to key in all these details.

01:53But fundamentally, after that is there, it's no different from you keying it in yourself

01:57and then approving it and then getting your verification done.

02:01So it is just as safe and we are fully certified by Bank Negara.

02:07RightBank uses triple-factor authentication,

02:10MyCard, facial recognition, and transaction verification.

02:13Deposits are insured by Perbadanan Insurance Deposit Malaysia

02:17just like any major bank.

02:19RightBank aims to serve everyone, young or seasoned, right here at home.

02:26I have a colleague who every weekend has to balik kampong

02:30to see his mum but also to help her pay bills because she's not so mobile.

02:36She needs help to take her to the post office.

02:39Now is that she can literally just open her RightBank app,

02:44snap a photo of her TNB bill and pay it and she doesn't have to move.

02:48And so the added convenience of that is just game-changing.

02:54And in the sense that this is why we created this technology

02:59to actually really help to improve life.

03:02And this is what we call banking done, RightBank.

03:05Timed perfectly for both Mordeka and its operational launch,

03:08RightBank released a fully AI-generated video helmed by Balzy and Vision Machina

03:14showing how technology can inspire creativity.

03:18The same principle guides its approach to banking.

03:31People first powered by AI.

03:34We are not replacing jobs in banking, but we are actually showing people how the use of technology,

03:41the use of AI, used and harnessed in the right way, can actually improve banking services

03:47to the point where it actually brings much more joy to people in their financial experience.

03:51The RightBank app is available for download through Google Play and the App Store.

03:57For more information, visit www.rightbank.my.

04:01Natasha Bust and Minderjit Kaur, FMT.

04:04FMT.

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