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The Guardian - UK

Technology

Robert Booth UK technology editor

Palantir extends reach into British state as it gets access to sensitive FCA data

Palantir FCA United States Donald Trump NHS Peter Thiel United Kingdom

Peter Thiel, co-founder of PayPal and Palantir, offers a pair of hundred-dollar bills to attendees during a keynote address at the Bitcoin Conference — Palantir, co-founded by the billionaire Donald Trump donor Peter Thiel (pictured), has been appointed for a three-month trial period. Photograph: Rebecca Blackwell/AP

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.

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