VCI Global’s Fintech Arm Advances Toward Full Digital Lending Rollout with Regulatory Approval, Targeting Two-Minute Loan Disbursements

KUALA LUMPUR, Malaysia, May 15, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”) today announced that its fintech subsidiary, Credilab Sdn Bhd (“Credilab” or the “Company”) has secured a conditional approval for a digital moneylending license from Malaysia’s Ministry of Local Government Development (“KPKT”). This regulatory green light marks a significant milestone in the company’s mission to democratize access to fast, AI-driven financing across Southeast Asia.

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