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

Palantir, co-founded by the billionaire Donald Trump donor Peter Thiel (pictured), has been appointed for a three-month trial period. Palantir, co-founded by the billionaire Donald Trump donor Peter Thiel (pictured), has been appointed for a three-month trial period. Sun 22 Mar 2026 12.00 EDTLast modified on Sun 22 Mar 2026 22.30 EDT 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 companyâ s deepening reach into the British state, the Guardian can reveal. The Financial Conduct Authority (FCA) has awarded Palantir a contract to investigate the watchdogâ s internal intelligence data in an effort to help it tackle financial crime, which includes investigating fraud, money laundering and insider trading. The Miami-based company, co-founded by the billionaire Donald Trump donor Peter Thiel, has been appointed for a three-month trial, paying more than £30,000 a week to analyse the FCAâ s vast â data lakeâ, which could lead to a full procurement of an AI system.