MPs urge UK government to halt contract giving Palantir FCA data access

Awarding US spy-tech company deal involving sensitive financial data is huge error of judgment', Liberal Democrats say

MPs have urged the government to halt its latest contract with Palantir after the Guardian revealed that the US spy-tech company is to gain access to a trove of highly sensitive UK financial regulation data.

The Financial Conduct Authority, the watchdog for thousands of financial bodies from banks to hedge funds, has hired Palantir to apply its AI systems to two years' worth of internal intelligence data to help it tackle financial crime.