UK FCA Grants Palantir Three-Month Trial to Analyze Financial Crime Data
Palantir will analyze the FCA’s data lake using AI tools to detect financial crimes across 42,000 regulated firms during a three-month trial contract.
- The UK's Financial Conduct Authority has granted Palantir a three-month trial contract worth over £30,000 a week to analyze its data on financial crime.
- Palantir will gain access to sensitive regulatory data like case files, reports from banks, and communications during investigations.
- The deal has raised concerns from lawmakers over Palantir potentially becoming a monopoly provider to the government and over data privacy issues.
16 Articles
16 Articles
Britain's FCA defends Palantir contract award before lawmakers
U.S. data analytics firm Palantir, which won a contract to supply AI systems to Britain's Financial Conduct Authority, will not have access to regulatory intelligence, an FCA official said on Tuesday, as the deal came under criticism from lawmakers.
Palantir Has Been Awarded yet Another UK Government Contract
The controversial US spytech firm Palantir has been awarded a contract to analyse highly sensitive government data, despite loud opposition from campaigners decrying the firm’s role in abetting the Gaza genocide and the immigration crackdown in the US. Palantir will be paid £30,000 per month to analyse highly sensitive data from the Financial Conduct Authority (FCA), raising questions about what the firm would do with that data – and why Palanti…
FCA hands Palantir sensitive data in AI crime push
Britain’s financial watchdog is turning to AI to hunt down fraud, raising security questions over who gets to see and use sensitive data. The Financial Conduct Authority (FCA) has awarded Palantir a three-month contract to analyse its internal intelligence systems which notably contain highly ...
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