Ryt Bank‘s CEO Melvin Ooi will be stepping down from the digital bank, according to sources familiar with the matter.

The company’s Chief Financial Officer, Wilson Soon, will reportedly take on the role of acting CEO.

Melvin took on the top role in November 2022 and was involved in shaping the bank’s strategy ahead of its market entry, including overseeing regulatory engagement and the early development of its products and operations.

Prior to joining Ryt Bank, he was CEO of BonusKad Loyalty, Country Manager for Alipay in Singapore and Indonesia, and spent more than a decade with American Express in senior regional roles.

Wilson joined Ryt Bank at the same time as Melvin and has been responsible for finance since its formation.

He was also CFO at YTL Digital Capital, part of the consortium behind the digital bank.

Wilson’s previous roles include CFO at TNG Digital, where he oversaw finance and growth initiatives for the TNG eWallet, and CEO of MOL Malaysia, whose payments business was later acquired by Razer.

Backed by YTL Group and Sea Limited, Ryt Bank launched to the public in August 2025, describing itself as Malaysia’s first fully AI-powered digital bank.

It has since rolled out products including its core savings account and a pay later offering.

Ryt Bank has not made any public statement on the leadership change.

Several other senior departures have been reported in Malaysia’s digital banking space in recent months.

These include Rafiza Ghazali stepping down as CEO of KAF Digital Bank, Glen Cha leaving his post as AEON Bank’s CTO, and Fadrizul Hasani exiting GXBank as CTO.

Featured image: Edited by Fintech News Malaysia, based on image by WallArtStudio via Freepik