Palantir awarded FCA contract to analyze UK financial crime intelligence data
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chrisjj
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Summary
The Financial Conduct Authority (FCA) has awarded Palantir a contract to analyze the UK financial regulator's internal intelligence data to help tackle financial crime including fraud, money laundering, and insider trading. The three-month deal grants the US AI company access to sensitive UK financial regulation data, raising concerns about privacy and the company's growing influence within the British state. Palantir, co-founded by billionaire Donald Trump donor Peter Thiel, will help the FCA investigate financial crime using its data analysis capabilities.
Key quotes
· 3 pulledPalantir 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 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
The Miami-based company, co-founded by the billionaire Donald Trump donor Peter Thiel, has been appointed for a three-month term
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