{"id":5104,"date":"2025-08-17T16:05:59","date_gmt":"2025-08-17T16:05:59","guid":{"rendered":"https:\/\/jobuzo.com\/en\/msias-first-ai-powered-digital-bank-to-launch-in-aug-garners-mixed-reactions\/"},"modified":"2025-08-17T16:05:59","modified_gmt":"2025-08-17T16:05:59","slug":"msias-first-ai-powered-digital-bank-to-launch-in-aug-garners-mixed-reactions","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/msias-first-ai-powered-digital-bank-to-launch-in-aug-garners-mixed-reactions\/","title":{"rendered":"M\u2019sia\u2019s first AI-powered digital bank to launch in Aug, garners mixed reactions"},"content":{"rendered":"<div>\n<h2>Malaysia&rsquo;s first AI-powered bank launches on 18 Aug<\/h2>\n<p>Ryt Bank, Malaysia&rsquo;s first AI-powered digital bank, which also claims to be the <span dir=\"auto\">world&rsquo;s first AI-powered bank for payments, <\/span>is opening its doors to the public on Monday (18 Aug).<\/p>\n<p>However, this launch will be limited to the first batch of people on its waiting list, who had received this announcement via email<span dir=\"auto\">, according to Oriental Daily.<\/span><\/p>\n<p><span dir=\"auto\">&ldquo;Hello! Get ready to be one of the first to use Ryt Bank! Ryt Bank is the world&rsquo;s first AI-powered bank, proudly built by Malaysians for Malaysians,&rdquo; the notification reportedly read.<\/span><\/p>\n<p>Malaysian tech news site SoyaCincau previously reported that the bank would be launching on 26 Aug.<\/p>\n<h3>Pay bills &amp; transfer fund through AI chatbot<\/h3>\n<p>Ryt Bank was established by YTL Digital Capital Sdn Bhd, with the Singaporean consumer internet company Sea Limited as its major shareholder.<\/p>\n<div id=\"attachment_644684\" class=\"wp-caption aligncenter\"><noscript><\/noscript>\n<p id=\"caption-attachment-644684\" class=\"wp-caption-text\">Source: SoyaCincau<\/p>\n<\/div>\n<div class=\"internal-linking-related-contents\"><a href=\"https:\/\/jobuzo.com\/en\/12-weeks-jail-for-school-it-support-technician-who-took-upskirt-videos-of-teachers\/\" class=\"template-1\"><span class=\"cta\">News :<\/span><span class=\"postTitle\">&lt;div&gt;12 weeks' jail for school IT support technician who took upskirt videos of teachers&lt;\/div&gt;<\/span><\/a><\/div><p>Its key feature, Ryt AI, allows for easy bill payments and fund transfers by sharing a photo or screenshot with the chatbot instead of fiddling through the app for various buttons.<\/p>\n<p>Users can also simply type &ldquo;Transfer RM100 to [account number]&rdquo; and it will prepare a fund transfer subject to their approval.<\/p>\n<div id=\"attachment_644683\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-644683\" class=\"size-full wp-image-644683 lazyload\" alt=\"AI-powered digital bank (2)\" width=\"996\" height=\"766\" data-srcset=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/AI-powered-digital-bank-2.jpg 996w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/AI-powered-digital-bank-2-600x461.jpg 600w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/AI-powered-digital-bank-2-150x115.jpg 150w\" data-sizes=\"(max-width: 996px) 100vw, 996px\" src=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/AI-powered-digital-bank-2.jpg\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-644683\" class=\"size-full wp-image-644683\" src=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/AI-powered-digital-bank-2.jpg\" alt=\"AI-powered digital bank (2)\" width=\"996\" height=\"766\" srcset=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/AI-powered-digital-bank-2.jpg 996w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/AI-powered-digital-bank-2-600x461.jpg 600w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/AI-powered-digital-bank-2-150x115.jpg 150w\" sizes=\"auto, (max-width: 996px) 100vw, 996px\"><\/noscript>\n<p id=\"caption-attachment-644683\" class=\"wp-caption-text\">Source: SoyaCincau<\/p>\n<\/div>\n<p>However, Ryt AI&rsquo;s function is still limited as it is still in its Beta phase, SoyaCincau revealed in an article on 12 Aug 2025.<\/p>\n<p>For instance, it is currently unable to process a fund transfer if a user sends a photo of the QR code. Instead, the user has to click the code through the homescreen.<\/p>\n<h3>AI-powered digital bank garners mixed reactions<\/h3>\n<p>Ryt Bank&rsquo;s upcoming launch has garnered mixed reactions from netizens.<\/p>\n<div class=\"internal-linking-related-contents\"><a href=\"https:\/\/jobuzo.com\/en\/migrant-acquitted-in-first-trial-over-us-border-military-zones\/\" class=\"template-1\"><span class=\"cta\">News :<\/span><span class=\"postTitle\">Migrant acquitted in first trial over US border military zones<\/span><\/a><\/div><p>Some said they didn&rsquo;t care that the bank is AI-powered and will sign up for the digital bank as long as the deposit rate is good.<\/p>\n<div id=\"attachment_644688\" class=\"wp-caption aligncenter\" readability=\"33\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-644688\" class=\"wp-image-644688 size-full lazyload\" alt width=\"407\" height=\"118\" data-srcset=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/7170d998-2191-4bb0-8971-34f5a1790472.png 407w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/7170d998-2191-4bb0-8971-34f5a1790472-150x43.png 150w\" data-sizes=\"auto, (max-width: 407px) 100vw, 407px\" src=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/7170d998-2191-4bb0-8971-34f5a1790472.png\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-644688\" class=\"wp-image-644688 size-full\" src=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/7170d998-2191-4bb0-8971-34f5a1790472.png\" alt width=\"407\" height=\"118\" srcset=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/7170d998-2191-4bb0-8971-34f5a1790472.png 407w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/7170d998-2191-4bb0-8971-34f5a1790472-150x43.png 150w\" sizes=\"auto, (max-width: 407px) 100vw, 407px\"><\/noscript>\n<p id=\"caption-attachment-644688\" class=\"wp-caption-text\"><em>Translation: Whatever AI or not AI, I only care about the deposit rate. <\/em>Source: Facebook<\/p>\n<\/div>\n<p>Others, however, worried that an error by AI could end up costing them their money.<\/p>\n<div id=\"attachment_644696\" class=\"wp-caption aligncenter\" readability=\"33\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-644696\" class=\"size-full wp-image-644696 lazyload\" alt width=\"817\" height=\"117\" data-srcset=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/98551b8a-f06d-4bb4-a845-529991881ec9.png 817w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/98551b8a-f06d-4bb4-a845-529991881ec9-600x86.png 600w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/98551b8a-f06d-4bb4-a845-529991881ec9-150x21.png 150w\" data-sizes=\"auto, (max-width: 817px) 100vw, 817px\" src=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/98551b8a-f06d-4bb4-a845-529991881ec9.png\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-644696\" class=\"size-full wp-image-644696\" src=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/98551b8a-f06d-4bb4-a845-529991881ec9.png\" alt width=\"817\" height=\"117\" srcset=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/98551b8a-f06d-4bb4-a845-529991881ec9.png 817w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/98551b8a-f06d-4bb4-a845-529991881ec9-600x86.png 600w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/98551b8a-f06d-4bb4-a845-529991881ec9-150x21.png 150w\" sizes=\"auto, (max-width: 817px) 100vw, 817px\"><\/noscript>\n<p id=\"caption-attachment-644696\" class=\"wp-caption-text\"><em>Translation: AI says nobody works for banks loh? Will you wait for someone&rsquo;s bank transfer to press 50 thousand and then AI runs a 100 thousand bank loss?<\/em><br>Source: Facebook<\/p>\n<\/div>\n<p>Several users also expressed dislike for AI customer service representatives, adding that they still prefer traditional banks because they want actual people to help them resolve any problems that may arise.<\/p>\n<div id=\"attachment_644694\" class=\"wp-caption aligncenter\" readability=\"35\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-644694\" class=\"size-full wp-image-644694 lazyload\" alt width=\"821\" height=\"122\" data-srcset=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-17-145229.png 821w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-17-145229-600x89.png 600w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-17-145229-150x22.png 150w\" data-sizes=\"auto, (max-width: 821px) 100vw, 821px\" src=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-17-145229.png\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-644694\" class=\"size-full wp-image-644694\" src=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-17-145229.png\" alt width=\"821\" height=\"122\" srcset=\"https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-17-145229.png 821w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-17-145229-600x89.png 600w, https:\/\/mustsharenews.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-17-145229-150x22.png 150w\" sizes=\"auto, (max-width: 821px) 100vw, 821px\"><\/noscript>\n<p id=\"caption-attachment-644694\" class=\"wp-caption-text\"><em>Translation: There is no use for such a bank. When you get stuck with technology, you have no way to cry for help. You call the hotline and no one answers your call. Like e wallet for help. He said you have the right to say.<\/em><br>Source: Facebook<\/p>\n<\/div>\n<p><strong>Also read: MS Explains: How Generative AI&rsquo;s shocking energy &amp; water use is hurting the planet<\/strong><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"uYvxumPhyB\" readability=\"0\">\n<p>MS Explains: How Generative AI&rsquo;s shocking energy &amp; water use is hurting the planet<\/p>\n<\/blockquote>\n<p><em>Have news you must share? Get in touch with us via email at&nbsp;news@mustsharenews.com.<\/em><\/p>\n<p><em>Featured image adapted from SoyaCincau.<\/em><\/p>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n<p><sub>M&rsquo;sia&rsquo;s first AI-powered digital bank to launch in Aug, garners mixed reactions<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Malaysia&rsquo;s first AI-powered bank launches on 18 Aug Ryt Bank, Malaysia&rsquo;s first AI-powered digital bank, which also claims to be the world&rsquo;s first AI-powered bank for payments, is opening its doors to the public on Monday (18 Aug). However, this launch will be limited to the first batch of people on its waiting list, who&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/jobuzo.com\/en\/msias-first-ai-powered-digital-bank-to-launch-in-aug-garners-mixed-reactions\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;M\u2019sia\u2019s first AI-powered digital bank to launch in Aug, garners mixed reactions&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":5105,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/5104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=5104"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/5104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/5105"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=5104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=5104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=5104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}