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flag The UK’s FCA is testing Palantir’s access to sensitive financial data from 42,000 firms to fight fraud using AI, under strict controls.

flag The UK’s Financial Conduct Authority has launched a three-month trial allowing Palantir access to its internal data lake—containing sensitive financial records, emails, and social media data—from 42,000 regulated firms to combat fraud and money laundering using AI. flag The $30,000-per-week contract, part of broader UK-US tech collaboration, grants Palantir limited access under strict controls, including UK-based data hosting and mandatory data destruction post-trial. flag While the FCA asserts robust oversight and security, concerns persist over privacy, foreign access to intelligence, and the growing influence of private tech firms in public oversight. flag The move follows Palantir’s expanding role in UK government, including major contracts with the NHS and military, amid ongoing scrutiny over its ties to controversial figures and past projects.

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