Finexus Group has launched a new regulatory reporting platform AIRStream, designed to help Malaysian banks meet Bank Negara Malaysia’s Project STREAM mandate with reduced cost and operational disruption. The platform, whose full name is Automated Intelligence Reporting for STREAM, integrates with existing bank infrastructure to automate the transformation, validation and reconciliation of granular data required for regulatory submission under BNM’s Project STREAM framework.
Project STREAM, or Statistical Reporting Modernisation, is BNM’s initiative to move the banking sector away from manual, template-based reporting towards automated, API-enabled submissions of granular, machine-readable data. The initiative is guided by three principles: collect once, use many times; automate collection; and future-proof reporting. Phase 1 covers deposits, payments and derivatives, with the overall project running on a five-year timeline.
Finexus AIRStream Addresses Project STREAM Transition Pressure
BNM identified several shortcomings under the current framework, including duplicate reporting of similar data across multiple datasets, heavy manual effort through web-based interfaces and Excel templates, and aggregated periodic submissions that limit access to timely, granular information. Standardized data models and API-driven automation are expected to reduce or eliminate manual reporting, while higher-quality submissions will support faster open data access and better peer benchmarking for banks.
The transition to Project STREAM presents a significant operational challenge. Banks are expected to maintain existing aggregated reporting while simultaneously building the granular datasets, processes and technology required under STREAM, effectively running two reporting environments in parallel. Once technical specifications are issued, reporting entities can typically expect around 12 to 15 months to enhance their systems, placing technology, compliance and data teams under considerable time pressure.
For institutions with complex legacy infrastructure, repeated modifications to core systems can translate into higher technology expenditure, additional manpower requirements and greater implementation risk. Finexus estimates that AIRStream could reduce total implementation and operating costs by around 20% over five years, while cutting internal manpower requirements by more than half compared with building and running the capability in-house.
AIRStream integrates with existing bank platforms rather than requiring a full rebuild of technology environments. The platform reconciles data against banks’ General Ledgers and existing BNM reporting systems, helping identify discrepancies before submission and reducing manual intervention. Its configuration-led design means later STREAM phases can be absorbed without reworking core systems each time requirements expand.
The platform is already in live production – one Malaysian digital bank has been submitting STREAM data through AIRStream since November 2025. In the first quarter of 2026, the platform processed around 565 million granular records, averaging more than six million records per day, with each daily cycle of transformation, validation, reconciliation and submission completed in under three hours.
Finexus is currently engaged on Project STREAM with 12 banking groups, representing 23 of Malaysia’s 58 licensed banking institutions, or approximately 40% of the sector. A further three banking groups are formally evaluating the AIRStream platform through ongoing tender processes.
Pokdepinion: Banks now need a platform just to handle the platform for handling regulations, and honestly, that tracks.
