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VCI Global's Fintech Arm Credilab Achieves US$35 Million Loan Book with 53% Revenue Growth; Secures Conditional Approval for Full Online Lending License
GlobeNewswire News Room· 2025-09-04 19:30
Core Insights - VCI Global Limited's fintech subsidiary, Credilab, is emerging as a leader in Southeast Asia's digital financing landscape, achieving significant milestones [1][6] - Credilab expanded its loan book to US$35 million, reflecting a 53% year-over-year revenue growth, driven by strong demand from underserved SMEs [2][6] - The company has maintained non-performing loans (NPL) below 3%, showcasing the effectiveness of its AI-driven credit risk engine [2][4] Company Developments - Credilab received conditional approval for a full online lending license from the Malaysian Ministry of Housing and Local Government, facilitating nationwide access to financing [3][6] - The platform's technology integrates AI for credit assessment and risk management, enabling rapid loan disbursements while ensuring asset quality [4][6] - Credilab aims to address Malaysia's SME financing gap of approximately US$64 billion, with MSMEs constituting 96.1% of all business establishments in the country [5] Future Outlook - Credilab is positioned to scale significantly, potentially evolving into a unicorn in the fintech space due to its strong execution and technology [6] - The platform focuses on financial inclusion by providing accessible micro-financing solutions to underserved individuals, enhancing credit access through advanced technology [8]
VCI Global’s CyberSecure Cloud Goes Live in Malaysia, Setting New Standard for Encrypted Data Protection
Globenewswire· 2025-08-29 19:30
Core Insights - VCI Global Limited has launched its CyberSecure Cloud service in Malaysia, providing military-grade encryption and automated resilience for data protection [1][5] - The Malaysian cybersecurity market is valued at approximately US$500 million in 2025 and is projected to reach US$700 million by 2030, indicating significant growth potential [2] - VCI Global plans to expand CyberSecure Cloud into Singapore, Hong Kong, Dubai, and Indonesia, enhancing its position in the regional cybersecurity market [4] Company Overview - VCI Global is a cross-sector platform builder that integrates deep technology with financial architecture, focusing on creating sovereign-ready digital ecosystems [6][7] - The company aims to empower governments, enterprises, and institutions in Southeast Asia to scale securely and independently, with a focus on digital sovereignty and national security [7] Product Features - CyberSecure Cloud combines EAL4-certified hardware-level encryption with various enterprise cybersecurity features, including automated backup and recovery, integrated firewall gateway, and scalable storage options ranging from 3TB to 50TB [2][9] - The service is designed for organizations that require high security and regulatory compliance, catering to both SMEs and large enterprises [2][9]
VCI Global's CyberSecure Cloud Goes Live in Malaysia, Setting New Standard for Encrypted Data Protection
GlobeNewswire News Room· 2025-08-29 19:30
Core Insights - VCI Global Limited has launched its CyberSecure Cloud service in Malaysia, providing military-grade encrypted data protection for enterprises and government organizations [1][5] - The Malaysian cybersecurity market is valued at approximately US$500 million in 2025 and is projected to reach US$700 million by 2030, while the ASEAN cybersecurity market is expected to grow from US$5.5 billion in 2025 to US$12.2 billion by 2030 [2] - The company plans to expand CyberSecure Cloud into Singapore, Hong Kong, Dubai, and Indonesia as part of its phased rollout strategy [4] Company Overview - VCI Global is a cross-sector platform builder that integrates deep technology with financial architecture to enable sovereign-ready digital ecosystems [5][6] - The company aims to empower governments, enterprises, and institutions in Southeast Asia to scale securely and independently [6] Product Features - CyberSecure Cloud combines EAL4-certified hardware-level encryption with various enterprise cybersecurity features, including automated backup and recovery, integrated firewall gateway, and scalable storage plans ranging from 3TB to 50TB [2][8] - The service will include a dedicated customer portal for enterprises to manage their encrypted storage needs online, set to launch by the end of September 2025 [3]
VCI Global Partners with Reveillon Group to Launch Global RWA Lounge Network and Creator Monetization Platform
Globenewswire· 2025-08-27 19:33
Core Insights - VCI Global Limited has announced a strategic partnership with Reveillon Group to launch a global network of Real-World Asset (RWA) Lounges and an RWA NFT platform, integrating luxury hospitality with digital monetization [1][2] - The initiative aims to tap into the growing creator economy and entertainment sectors, with projections estimating the creator economy to reach approximately US$480 billion by 2027 and the entertainment and media sector to expand to about US$3.5 trillion by 2029 [5] Company Overview - VCI Global is a cross-sector platform builder that integrates technology with financial architecture, focusing on enabling secure digital ecosystems [9][10] - Reveillon Group operates a diverse portfolio of food and beverage establishments and will lead the physical development and operations of the lounges [8][9] Initiative Details - The partnership will see the development of a scalable RWA NFT ecosystem, with initial lounge openings planned in Malaysia, Singapore, Dubai, and South Korea within the next 12 months, aiming for a total of 50 locations globally [2][6] - The RWA NFT platform will provide creators with tools for music, digital artwork, and instant NFT minting, ensuring copyright protection through secure watermarking [3][8] Security Measures - Every transaction and creation will be protected by the QuantGold Data Platform, which employs military-grade encryption and smart-token protection to safeguard intellectual property [4][7] Market Positioning - The initiative is designed to create a dual-revenue model that enhances recurring income opportunities while positioning VCI Global and Reveillon Group at the intersection of luxury lifestyle and technology [5][7]
VCI Global Secures US$22 Million Sovereign AI Infrastructure Contract Featuring NVIDIA-Powered Encrypted Compute Stack
Globenewswire· 2025-08-26 19:33
Core Insights - VCI Global Limited has secured a US$22 million contract with Codetext for sovereign AI infrastructure, marking a significant milestone in the cybersecurity and AI sector [1][2][5] Company Overview - V Gallant Limited, a subsidiary of VCI Global, specializes in AI infrastructure and cybersecurity solutions, providing advanced technologies for secure and innovative operations [8][9] - The company aims to empower governments and enterprises in Southeast Asia to scale securely and independently, focusing on digital sovereignty and national security [10] Contract Details - The contract involves the delivery of a full-stack sovereign AI system, incorporating military-grade encryption and NVIDIA-powered compute systems, ensuring high-performance AI operations [2][6] - Key components of the system include QuantVault for encrypted data storage, QTrustCard for hardware-level security, SecureGPU™ for processing large AI workloads, and a Local AI Stack Integration for regulatory-compliant control [8] Market Context - The demand for sovereign AI infrastructure is increasing due to regulatory requirements and rising cybersecurity risks, with the AI infrastructure market projected to reach approximately US$197.6 billion by 2030, growing at a 17.7% CAGR [5] - Southeast Asia's data center investments are expected to grow to around US$17.7 billion by 2029, positioning VCI Global as a first mover in this expanding market [5] Strategic Positioning - The partnership with Codetext enhances VCI Global's ability to deliver trusted, next-generation solutions while ensuring regulatory compliance and operational independence for clients [4][6] - The infrastructure ensures data sovereignty by keeping information within jurisdictional boundaries, meeting stringent security and compliance requirements [6]
VCIG Launches VCI Energy, Appoints Former Franklin Templeton MD Victor Lee as CEO to Drive Clean Energy Expansion
Globenewswire· 2025-08-20 13:09
Core Viewpoint - VCI Global Limited has launched VCI Energy, a wholly owned subsidiary focused on clean energy and sovereign-scale infrastructure, marking its entry into the US$1.5 trillion clean energy transition market [1][3]. Company Overview - VCI Energy is dedicated to advancing clean energy generation, storage, and sovereign-scale infrastructure, partnering with governments, utilities, and institutional investors [6]. - The company aims to leverage VCI Global's expertise in AI, cybersecurity, and capital markets to play a pivotal role in the global transition toward clean and resilient energy systems [6]. Leadership and Strategy - Victor Lee, former Managing Director of Franklin Templeton, has been appointed as CEO of VCI Energy, bringing extensive experience in institutional investment and infrastructure financing [2]. - Under Lee's leadership, VCI Energy is expected to unlock scalable partnerships and recurring revenue streams, contributing to long-term value creation for shareholders [3]. Market Potential - The clean energy infrastructure market is projected to grow at a 9.3% compound annual growth rate, reaching approximately US$1.5 trillion by 2033, driven by rising global energy demand and government decarbonization targets [4]. - Asia Pacific is anticipated to be one of the fastest-growing regions in this sector, supported by large-scale renewable deployment and sovereign investment in energy resilience [4]. Focus Areas - VCI Energy's initial focus will be on three high-growth verticals: clean energy generation and storage, sovereign energy infrastructure, and strategic partnerships and investments [8]. - The company aims to create a clean energy platform that combines sustainability with sovereignty, delivering strong returns for investors [5].
VCI Global Announces US$2 Billion Partnership Secured by Sovereign-Grade Encrypted Infrastructure
Globenewswire· 2025-08-19 11:59
Core Insights - VCI Global Limited has announced a partnership to establish a sovereign-grade infrastructure venture backed by 18,000 BTC, valued at over US$2.16 billion [1][2] - The joint venture will hold a 70% equity stake by VCI Global, focusing on commercialization and infrastructure management while the digital asset partner retains custody of the BTC reserves [2] - The initiative aims to accelerate institutional adoption of cryptocurrency through secure Bitcoin storage, AI computing, and real-world asset monetization [2][5] Company Overview - VCI Global is a cross-sector platform builder that integrates deep technology with financial architecture to create sovereign-ready digital ecosystems [11][12] - The company has expanded its capabilities in sovereign-grade cybersecurity and AI, launching products like Qsecore and QTrustCard [6][10] - VCI Global's mission is to empower governments and institutions in Southeast Asia to scale securely and independently [12] Technological Infrastructure - The Bitcoin reserves will be stored in QuantVault, a proprietary encrypted storage platform that ensures institutional-grade protection [3] - The development roadmap includes creating a Sovereign Reserve Vehicle (SRV) to transform encrypted infrastructure into revenue-generating assets [3][4] - QuantGold, another platform by VCI Global, focuses on secure data monetization and integrates military-grade encryption with blockchain technology [8][9] Market Positioning - With Bitcoin's market capitalization exceeding US$2.32 trillion and limited BTC left to mine, VCI Global positions itself among a select group of Nasdaq-listed companies integrating large-scale Bitcoin reserves with advanced infrastructure [4] - The partnership enhances VCI Global's leadership in sovereign cybersecurity, AI computing, and institutional crypto infrastructure [5][7] - The focus on national-scale digital asset custody and AI-driven analytics aligns with the rising global demand for secure digital asset frameworks [5][7]
VCIG Secures Government and Enterprise Engagements Following ASEAN AI Summit Showcase of Full-Stack Sovereign AI and Cybersecurity Technologies
GlobeNewswire News Room· 2025-08-15 12:33
Core Insights - VCI Global Limited has secured multiple enterprise commitments and government-level proof-of-concept projects following its participation in the ASEAN AI Summit 2025, marking a significant milestone in its regional expansion strategy [1][2] - The company showcased its sovereign-grade encryption and AI infrastructure technologies, which received strong engagement from ASEAN country delegations, government agencies, and enterprise leaders [2][5] - The global post-quantum and quantum-security market is projected to reach approximately US$4.62 billion by 2030, with a CAGR of 38.3%, while the Asia-Pacific cybersecurity market is forecast to reach US$146 billion by 2030, growing at a CAGR of 15.9% [3][4] Company Developments - VCI Global is strategically positioned to capture significant opportunities in ASEAN's digital sovereignty and cybersecurity landscape by aligning its technologies with high-growth market trajectories [4] - The company has multiple signed enterprise agreements for its CyberSecure Vault and related solutions, along with ongoing discussions with national AI and data sovereignty task forces in the region [8] - The company aims to empower governments, enterprises, and institutions in Southeast Asia to scale securely and independently, with a focus on its sovereign AI data platform fortified by military-grade encryption [7]
VCI Global Secures US$51 Million Convertible Note Financing to Expand Sovereign AI Infrastructure and Launch Bitcoin Treasury Reserve
Globenewswire· 2025-08-14 11:57
Core Insights - VCI Global Limited announced a convertible note financing facility of up to US$51 million, with US$20 million allocated to Bitcoin as part of a digital treasury reserve strategy [1][2] - The financing is structured with a floor conversion price of US$1.20 per share, ensuring minimal dilution for shareholders [2] - The company aims to leverage favorable market conditions, with the global AI infrastructure market projected to reach US$422.5 billion by 2030, and over 80% of institutional investors supporting digital assets in diversified portfolios [2] Company Strategy - The capital raised will be allocated to three main areas: acquiring Bitcoin as a digital reserve asset, deploying Sovereign AI Infrastructure across Southeast Asia, and expanding presence in cybersecurity, AI, and fintech [7] - The Sovereign AI Infrastructure will incorporate military-grade and quantum-resistant encryption technologies, focusing on secure data storage and communication [7] - The company emphasizes the importance of Bitcoin as a core monetary asset, representing independence and resilience in the context of data and monetary sovereignty [3] Market Positioning - VCI Global positions itself at the intersection of high-growth markets, combining sovereign AI infrastructure with Bitcoin-backed treasury innovation [2] - The company’s mission is to empower governments and enterprises in Southeast Asia to scale securely and intelligently, utilizing a sovereign AI data platform [5]
VCI Global Appoints Dr. Chan as Chief AI & Data Officer to Accelerate Enterprise Strategy
Globenewswire· 2025-08-06 13:00
Strategic Hire to Accelerate the Company's Deployment of AI and Data Solutions for Enterprise and Government Sectors KUALA LUMPUR, Malaysia, Aug. 06, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) ("VCI Global" or the "Company"), today announced the appointment of Dr. Chan Wai Mun as Chief AI & Data Officer. This strategic hire reinforces the Company's commitment to advancing the adoption of artificial intelligence (AI) and data-driven innovation across enterprise and government platforms. Dr. C ...