The Ministry of Finance (MoF) has approved the issuance of a digital banking license to YTL Digital Bank Berhad, a joint venture between YTL Digital Capital Sdn Bhd and Sea Limited.
The next-generation digital bank, operating as Ryt Bank, has received approval to commence operations from 20th of December 2024. The bank will be launched in phases to the public to ensure a smooth rollout.
About Ryt Bank
Ryt Bank is a next-generation AI-powered digital bank led by YTL Digital Capital Sdn Bhd, and Sea Limited, two of Southeast Asia’s most successful companies.