Palantir extends reach into British state as it gets access to sensitive FCA data
Summary
The Guardian reports that Palantir has been granted a three-month trial to analyze the FCA’s internal data lake to help tackle financial crime. The project involves highly sensitive data and raises significant privacy and governance concerns about how such data is accessed, processed, and potentially shared. The FCA asserts strict controls and that Palantir will act as a data processor with data retention and destruction safeguards, while critics warn about privacy risks and ethical implications of public-sector AI deployments.