Alibaba Cloud Powers Ryt Bank’s AI-Driven Digital Banking Platform

Ryt Bank’s AI-driven digital banking platform runs on Alibaba Cloud, a setup that supported the bank’s launch and infrastructure build-out in Malaysia.

The collaboration, announced at Alibaba Cloud AI Day in Kuala Lumpur, supported the bank’s rapid deployment of its core systems within six months and underpins its digital onboarding process, which allows customers to open an account in two minutes.

The platform is built on Alibaba Cloud’s local infrastructure and secure architecture, which helps the bank operate in line with regulatory requirements.

Alibaba Cloud provides Ryt Bank with data resiliency, operational continuity and robust cyber protections.

The cloud setup also supports the bank’s national financial inclusion goals.

Ryt Bank applies AI across its services to enhance personalisation and improve the overall banking experience for customers in Malaysia.

“Alibaba Cloud has been a strategic partner in enabling Ryt Bank’s fast, secure, and AI-driven launch.

This collaboration provides the cloud foundation and AI capabilities we need to drive innovation, strengthen customer trust, and support Malaysia’s broader digital ambitions. Together, we are helping to shape the future of AI-powered financial services in the country,”

said Melvin Ooi, CEO of Ryt Bank.

Alibaba Cloud also announced a separate collaboration with PRO-NET for its work in electric vehicle technology.

“Supporting Malaysia’s goal to become an AI Nation by 2030 requires strong national partnerships and solid infrastructure that drive innovation and technological advancement.

Through our collaborations with Ryt Bank on AI-enabled digital banking and with PRO-NET on AI-driven solutions, Alibaba Cloud is proud to act as a strategic partner for Malaysia, empowering digital and AI capabilities across key industries, helping Malaysia innovate at both national and international levels.”

said Dr. Feifei Li, SVP of Alibaba Cloud Intelligence Group and President of International Business at Alibaba Cloud Intelligence Group.

Featured image: (From Left) Shannen Chin, Director, Head of Business Development, Alibaba Cloud Intelligence; Rachel Chen, Chief of Staff, International Business Unit, Alibaba Cloud Intelligence Group; Choong Hon Keat, General Manager of Malaysia, Alibaba Cloud Intelligence International; YB Datuk Wilson, Deputy Minister of Digital, Malaysia; Fabian Bigar, Secretary General, Ministry of Digital, Malaysia; Wilson Soon, Chief Financial Officer of Ryt Bank; Nic Ngoo, Chief Technology Officer of Ryt Bank