MPI License Activities Mapping

Comprehensive mapping of Major Payment Institution (MPI) license activities under Singapore's Payment Services Act to Thunderbird DAM platform features, compliance requirements, and implementation status.

MPI License Activities Mapping

Comprehensive mapping of Major Payment Institution (MPI) license activities to Thunderbird DAM platform features and compliance requirements.

Account Issuance

Creation and management of user accounts with KYC/AML compliance

High Compliance
Active

Platform Features

MPC wallet creation with sub-accounts
KYC onboarding & identity verification
Role-based access controls
Institutional account management
Multi-entity family office support
Accredited investor verification
Fund Admin Portal with role-specific views
Enterprise SLA Layer (99.99% uptime)
Activity ID: account-issuanceLast Updated: 2025-07-15

E-Money Issuance

Digital fiat currency issuance and management

High Compliance
Active

Platform Features

Fiat tokenization services
Stablecoin management (USDC, USDT)
E-money wallet balances
Issuer reserve management
Regulatory reporting automation
Programmable USDC payments
Audit-Ready Ledger (MAS-approved format)
Compliance-Oriented Token Registry
Activity ID: e-money-issuanceLast Updated: 2025-07-15

Domestic Money Transfer

Local payment and transfer services within Singapore

High Compliance
Active

Platform Features

FAST/PayNow integration
Smart payment routing engine
Local bank transfer routing
Internal wallet transfers
Real-time settlement
Automated treasury workflows
Custody Reconciliation Layer
Enterprise incident response protocol
Activity ID: domestic-transferLast Updated: 2025-07-15

Cross-Border Money Transfer

International payment and remittance services

High Compliance
Active

Platform Features

SWIFT/IBAN integration
Smart onramp/offramp routing
FX conversion modules
Cross-border compliance screening
Travel Rule compliance
International settlement optimization
RWA Plug-in Framework
Capital market connectivity
Activity ID: cross-border-transferLast Updated: 2025-07-15

Digital Payment Token (DPT)

Cryptocurrency and digital asset services

High Compliance
Active

Platform Features

Multi-chain crypto wallet management
DPT custody & transfer
Smart exchange routing
DeFi lending & borrowing protocols
On-chain transaction monitoring
Automated cross-asset rebalancing
Yield Discovery + Execution Module
Allocator Dashboards with P&L tracking
Activity ID: dpt-servicesLast Updated: 2025-07-15

Merchant Acquisition

Merchant onboarding and payment processing

Medium Compliance
In Development

Platform Features

Merchant onboarding workflows
Payment gateway integration
Settlement & reconciliation
Transaction analytics
Risk management tools
OTC desk trading capabilities
LP Gateway for fund infrastructure
Fund infra-as-a-service
Activity ID: merchant-acquisitionLast Updated: 2025-07-15

Platform Value Features (No License Required)

Additional platform capabilities that provide significant value to users without requiring MPI licenses, making Thunderbird DAM more attractive.

AI-Driven Intelligence & Analytics

Advanced analytics and AI-powered insights

Portfolio performance analytics and risk scoring
AI-powered market insights and trend analysis
Behavioral finance insights and decision support
Predictive analytics for treasury optimization
Real-time dashboards and customizable reporting

Advanced Security Infrastructure

Institutional-grade security and compliance tools

Multi-party computation (MPC) wallet technology
Advanced threat detection and monitoring
Comprehensive audit trails and logging
Role-based access controls and permissions
SOC 2 Type II compliance and certifications

Ecosystem Integration & Connectivity

Seamless integration with external services

Third-party API integrations (Bloomberg, QuickBooks)
Multi-chain bridge access and interoperability
Webhook notifications and real-time alerts
Custom workflow automation and triggers
White-label solutions for institutional clients

Enhanced User Experience

Professional UX and institutional workflows

Institutional-grade user interface and workflows
Multi-language support and localization
Advanced search and filtering capabilities
Mobile-responsive design and mobile apps
24/7 customer support and onboarding assistance

Operational Efficiency Tools

Automation and efficiency features

Automated reconciliation and settlement
Batch processing and bulk operations
Scheduled transactions and recurring payments
Workflow automation and approval processes
Performance optimization and caching

Institutional Benchmarking

Fund admin and institutional operations

Fund Admin Portal with role-specific views (Compliance, Audit, Ops)
NAV, flows, and holdings tracking across time
Audit-Ready Ledger (immutable, append-only, MAS-approved format)
Enterprise SLA Layer (99.99% uptime, dedicated CSM)
Custody Reconciliation Layer (real-time TradFi sync)

Governance & Risk Management

Multi-layered governance and risk controls

Governance Stack (Ops, Risk, Treasury, Compliance roles)
Quorum-based sign-off for sensitive actions
Internal Risk Committee Engine (cross-departmental review)
MAS-Like Rule Simulations (what-if enforcement framework)
Real-time risk monitoring and alerting

Capital Markets & RWA

Real-world asset integration and capital markets

RWA Plug-in Framework (tokenized debt, fund shares, PE)
Compliance-Oriented Token Registry (whitelist only)
Capital market connectivity and integration
Chainlink/PolySign RWA support
Transfer agent and fund admin integration

Allocator Flywheel

Yield discovery and fund infrastructure

Yield Discovery + Execution Module (aggregate all yield sources)
Allocator Dashboards (real-time P&L, time-weighted returns)
LP Gateway (funds raise capital and distribute returns)
Fund infra-as-a-service
Compliance reports and cost base overlays

Compliance Summary

High Compliance: 5 activities
Medium Compliance: 1 activity
Active Status: 5 activities

About MPI License

The Major Payment Institution (MPI) license is issued by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. It allows companies to provide payment services in Singapore.

The six activities covered under MPI license are essential for digital payment and financial services, requiring strict compliance with regulatory requirements including AML/CFT, cybersecurity, and consumer protection measures.

Compliance Requirements

High Compliance: Strict regulatory oversight with regular audits
Medium Compliance: Standard regulatory requirements
Active Status: Fully implemented and operational
In Development: Currently being implemented