Provenir has announced that its AI decisioning platform will support Ryt Bank’s credit risk assessments, personalised loan approvals, and automated compliance checks.
Ryt Bank, developed by YTL Digital Bank Berhad with backing from Sea Group, positions itself as Malaysia’s first AI-powered digital bank.
The bank received its digital banking licence in December 2024 and is currently onboarding users through a public waitlist, with full operations yet to begin.
The platform will form a key part of Ryt Bank’s AI-first strategy, enabling faster loan decisions and tailored customer offers based on AI-generated insights.
It will also support compliance automation and adapt to shifting market conditions through continuous learning models.
“Ryt Bank is taking digital banking to a new level with its AI-first approach and we are excited to be a part of its journey.
Our AI Decisioning Platform will provide the foundation for Ryt Bank to help reach its business goals via AI-driven decisioning that meets customer expectations for near instant approvals and highly personalized digital interactions.”
said Kavinesswaran Karthigasan, Head of APAC, Provenir.
Featured image: Edited by Fintech News Singapore, based on image by aumwattanaracha via Freepik
