● Ryt Bank delivers an AI-driven digital banking platform built for rapid innovation and national financial inclusion goals built upon Alibaba Cloud
● PRO-NET partnership harnesses Alibaba Cloud’s AI and cloud to transform the National EV platform
Kuala Lumpur, Malaysia, 3rd December 2025 - Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today announced two significant collaborations supporting Malaysia’s national digital transformation agenda. Unveiled at Alibaba Cloud AI Day, the company announced its role as the cloud infrastructure provider powering Ryt Bank, the World’s 1st AI Powered bank for payment transfers and formalised a new collaboration with Proton New Energy Technology (PRO-NET), the energy subsidiary of national carmaker PROTON.
The event, witnessed by YB Datuk Wilson Ugak Anak Kumbong, Deputy Minister of Digital for Malaysia, highlights Alibaba Cloud’s role as a strategic technology partner and underscores the importance of cloud and AI technologies in advancing Malaysia’s national digital agenda.
In the Deputy Minister’s address, he commended the multi-sector collaborations announced at the event, “Malaysia’s digital future relies on strong collaboration between industry and technology and cloud providers. Today’s announcements between Alibaba Cloud, Ryt Bank and PRO-NET showcase how cloud and AI technologies can accelerate national progress, from advancing AI-powered digital banking to transforming the EV ecosystem. These initiatives support our commitment to driving innovation, strengthening the digital infrastructure, and reinforcing Malaysia’s position in the digital economy.”
“Supporting Malaysia’s goal to become an AI Nation by 2030 requires strong national partnerships and solid infrastructure that drive innovation and technological advancement,” said Dr. Feifei Li, SVP of Alibaba Cloud Intelligence Group and President of International Business at Alibaba Cloud Intelligence Group. “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.”
Powered in part by Alibaba Cloud’s infrastructure, Ryt Bank is building an AI-enabled digital banking platform designed to deliver secure, seamless, and innovative financial experiences for Malaysians.
Ryt Bank successfully launched its core banking environment in just six months, supported by Alibaba Cloud’s local cloud infrastructure and secure architecture. This foundation is designed to assist Ryt Bank to operate in line with Bank Negara Malaysia’s regulatory requirements. With a fully digital onboarding journey that can be completed in just two minutes, end customers can enjoy a fast, convenient, and secure way to start banking with Ryt Bank, while Alibaba Cloud helps provide data resiliency, operational continuity, and robust cyber protections to Ryt Bank.
As a digital bank built with AI at its core, Ryt Bank uses intelligent capabilities to enhance its services and deliver more seamless, intuitive, and personalised digital banking experiences for customers.
“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 has been supporting PRO-NET from its inception, enabling the company to adopt a cloud first and data driven approach through a fully integrated end to end data pipeline. This foundation has played a key role as PRO-NET drives the development of Malaysia’s new energy ecosystem and accelerates the nation’s transition towards intelligent, sustainable mobility.
Building on this foundation, PRO-NET is advancing its AI capabilities using Alibaba Cloud’s Model Studio to develop its internal chatbot, which will later expand to customer-facing applications and vehicle infotainment systems. This collaboration strengthens PRO-NET’s capabilities in intelligent mobility, predictive analytics, and customer experience, supporting Malaysia’s broader EV transformation.
“Alibaba Cloud has been a key partner to PRO-NET, and their support in building our cloud-first and data-driven foundation has been instrumental as we advance Malaysia’s new energy mobility ecosystem. As we move into the next phase with AI, this impactful collaboration will empower us to unlock deeper insights, elevate customer experiences, and accelerate our vision of shaping a smarter, more connected future of mobility for Malaysia,” said Zhang Qiang, Chief Executive Officer of PRO-NET.
The collaboration also explores broader AI opportunities, spanning Qwen, and Platform for AI (PAI) positioning PRO-NET to harness cutting-edge AI tools for operational efficiency, enhanced customer experience, and innovation in electric mobility.
Alibaba Cloud remains committed to equipping Malaysia’s businesses, innovators, and financial and technology partners with the cloud and AI capabilities needed to accelerate transformation. From enabling AI-powered digital banking with Ryt Bank to advancing intelligent mobility through PRO-NET, these collaborations reflect Alibaba Cloud’s dedication to driving meaningful innovation and building a digitally resilient Malaysia.
Ryt Bank is The World’s First AI-powered bank, led by YTL Group in partnership with Sea Limited. Committed to inclusive innovation, Ryt Bank blends technology with cultural intelligence – making banking simpler, smarter, and more secure for every Malaysian.
Proton New Energy Technology Sdn Bhd (PRO-NET), incorporated on 16 August 2022, is a wholly owned subsidiary of Perusahaan Otomobil Nasional Sdn Bhd. It is the exclusive distributor of Proton e.MAS vehicles in Malaysia, as well as the distributor for smart Malaysia. With a mission to lead the nation’s new energy automotive ecosystem, PRO-NET oversees the distribution of New Energy Vehicles (NEVs), EV charging solutions, electronic parts and mobility services, along with accessories and merchandise - driving innovation, accessibility, and a seamless ownership experience for all.
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