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

Exclusive: Allowing US tech firm to analyse intelligence in name of tackling fraud raises fresh concerns over privacy

• Campaign groups rail against Palantir, but the UK contracts keep coming

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.