Latest news with #AIpoweredbank
Finextra
3 days ago
- Business
- Finextra
Ryt Bank taps Episode Six to power cards infrastructure
Ryt Bank, the world's first AI-powered bank, today announced its partnership with Episode Six, a leading global technology provider of enterprise-grade card issuing and ledger infrastructure. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Through this partnership, Episode Six will serve as the technology powering all card transactions at Ryt Bank — enabling secure, scalable, and flexible banking for the next generation of Malaysians. Ryt Bank is built from the ground up with a digital-first approach. Led by YTL Digital Capital Sdn Bhd, with Sea Limited as a shareholder, the bank is rethinking how financial services should look and feel by blending innovation, simplicity, and trust. With Episode Six's advanced infrastructure, Ryt Bank can deliver instant card issuance, real-time authorizations and personalized spend controls. All within one seamless platform. Episode Six delivers the speed, flexibility, and control required to power a truly modern banking experience. More than just supporting card transactions, Episode Six's technology enables Ryt Bank to build around customers' evolving needs — making it possible to create seamless, future-ready financial solutions. Episode Six's platform enables full customization of card features, without the limitations of legacy systems. Already trusted in over 45 countries, the platform ensures that Ryt Bank can scale quickly while maintaining operational excellence. 'We're proud to be the technology powering Ryt Bank's cards infrastructure,' said John Mitchell, CEO and Co-Founder of Episode Six. 'Ryt Bank's bold vision aligns with our commitment to helping digital-first banks move faster, serve better, and lead confidently in a dynamic market.' This partnership also strengthens Episode Six's regional footprint in Southeast Asia as the company continues enabling digital financial institutions with the tools to deliver real-time, future-proof financial services.
Yahoo
23-07-2025
- Business
- Yahoo
Ryt Bank taps Provenir for AI credit decisioning platform
Ryt Bank, claimed to be the world's first AI-powered bank, has teamed up with Provenir, a provider of AI risk decisioning software. The Malaysian bank has chosen Provenir AI Decisioning Platform to facilitate quicker credit assessments and tailor customer offers for its consumer lending services. As a newly licenced digital bank, Ryt Bank sought to rapidly introduce a consumer lending product that reflects its AI-centric strategy. The bank faced the challenge of establishing a decision-making framework that could deliver immediate, customised loan approvals while adhering to regulatory requirements and risk management protocols. The tech vendor said that its platform will help the bank benefit from real-time credit risk evaluations, enabling instant loan approvals and personalised loan offers derived from AI-based customer profiling. Additionally, Provenir will assist in automating compliance checks to ensure regulatory adherence and provide learning models to respond to evolving market conditions. This partnership is expected to enhance decision-making speed and accuracy, thereby improving the overall customer experience. Provenir APAC head Kavinesswaran Karthigasan said: '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 personalised digital interactions.' In April this year, Atom Bank in the UK selected Provenir's AI Decisioning Platform to improve credit risk decision-making and data orchestration for its consumer and business banking services. "Ryt Bank taps Provenir for AI credit decisioning platform" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
