Palantir extends reach into British state as it gets access to sensitive FCA data
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Quick Summary
Exclusive: Allowing US tech firm to analyse intelligence in name of tackling fraud raises fresh concerns over privacy
Campaign groups rail against Palantir, but the UK contracts keep coming
Palantir is to be granted access to a trove of highly sensitive UK financial regulation data, in a deal that has prompted fresh concerns about the US AI company’s deepening reach into the British state, the Guardian can reveal. The Financial Conduct Authority (FCA) has awarded Palantir a contract to investigate the watchdog’s internal intelligence data in an effort to help it tackle financial crime, which includes investigating fraud, money laundering and insider trading. Continue reading...