VCI Global Partner Credilab Gets Online Lending Approval in Malaysia
VCI Global's AI and technology infrastructure arm, V Gallant Limited, announced that its fintech partner, Credilab Sdn Bhd, has received approval to operate as a fully online lending platform in Malaysia. This regulatory approval is a significant milestone, enabling the commercialization of V Gallant's AI-powered lending infrastructure through an exclusive partnership. V Gallant will provide AI infrastructure, intelligent workflow automation, and operating-system capabilities to support Credilab's digital lending operations, under a revenue-share arrangement. Credilab, which already manages a loan portfolio of approximately US$37.1 million, aims to offer a streamlined lending experience with loan approval and disbursement targeted in as little as five minutes. This initiative aligns with VCI Global's broader OPC strategy and taps into the growing global Digital Lending Platform market, projected to reach US$12.8 billion by 2033.
Key Highlights
- VCI Global's partner Credilab received approval to operate as a fully online lending platform in Malaysia.
- The approval advances the commercialization of V Gallant's AI-powered lending infrastructure through an exclusive partnership.
- V Gallant will provide AI infrastructure, intelligent workflow automation, and operating-system capabilities to Credilab.
- The collaboration includes a revenue-share arrangement for V Gallant.
- Credilab had an existing loan portfolio of approximately US$37.1 million (RM150.9 million).
- The platform aims for loan approval and disbursement in as little as five minutes.
- The global Digital Lending Platform market is projected to reach US$12.8 billion by 2033, with a 25.5% CAGR.
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