Fca

Redress programme for 14m motor finance agreements will be set out by regulator on Monday afternoonBusiness live – latest updatesMillions of drivers will discover how much can they claim over the car finance scandal on Monday, as the City regulator sets out the final terms of its compensation scheme.The Financial Conduct Authority (FCA) will release the details of its redress programme for 14m motor finance agreements after 4:30pm, ensuring that the information comes out after stock markets close for trading. Continue reading...

Exclusive: Allowing US tech firm to analyse intelligence in name of tackling fraud raises fresh concerns over privacyFCA deal gives Palantir yet more access to inner workings of power in BritainPalantir 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. Continue reading...

Contract affords AI analytics firm access to trove of data on one of the most important financial centres in the worldPalantir extends reach into British state as it gets access to sensitive FCA dataPalantir’s latest UK contract takes the AI and data analytics company into the heart of one of Britain’s biggest industries: financial services, which accounts for 9% of the economy.The Miami-based company embedded its technology in the NHS in 2023, the police in 2024 and the military in 2025. Land and expand, they say in the tech industry. Palantir has followed the script building contracts worth more than £500m. Continue reading...