BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
FOLLOW
BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
BlockNews.com
No Result
View All Result

NatWest Carbon Tracker App Sparks Privacy Intrusion Concerns

BlockNews.com Team by BlockNews.com Team
November 3, 2023
in Breaking News, Featured, Finance
NatWest Carbon Tracker App Sparks Privacy Intrusion Concerns

#image_title

Share on TwitterShare on Reddit
  • NatWest recently introduced a Carbon Footprint Tracker in its app that analyzes transactions to estimate users’ carbon footprint and provide reduction tips, but some customers feel it is intrusive.
  • The opt-in tracker looks at spending in categories like food and clothing to estimate a carbon footprint score and suggest ways to reduce it based on tailored tips.
  • Some customers argue the tracker goes too far by monitoring private spending data, but NatWest defends the opt-in feature as helping customers live sustainably and notes they can opt out anytime.

NatWest recently introduced a new Carbon Footprint Tracker feature in its mobile banking app. The feature analyzes customers’ transactions to estimate their carbon footprint and provide suggestions on how to reduce it. However, some customers are accusing the bank of intruding into their private financial data.

How the Carbon Footprint Tracker Works

The opt-in tracker looks at customers’ spending in categories like food, clothing, and transportation. It then estimates a carbon footprint based on those transactions. For example, it might show that spending $15 on a dress equates to 16kg of CO2 emissions.

Customers receive a personalized carbon footprint score in kgs of CO2. The app explains that scientists recommend reducing individual footprints to 180kgs by 2030.

The app provides tailored tips on lowering your footprint. It suggests steps like buying secondhand clothes, switching to plant-based milk, and sharing car journeys.

🚨 NEWS: 🇬🇧 UK bank NatWest faces backlash over privacy intrusions for its Carbon Footprint Tracker.

What happened?

The bank's app feature suggested eco-friendly lifestyle changes based on customer purchases…

Meaning the app openly monitored and tracked customer… pic.twitter.com/iK25Ro6lHt

— BlockNews.com (@blocknewsdotcom) November 3, 2023

Customers Accuse Bank of Intrusion

Some customers argue the carbon tracker goes too far in monitoring private spending data.

Faith Scott said the calculator felt intrusive, stating “We don’t need all this preaching to us.”

NatWest defended the opt-in feature, saying it helps customers live sustainably and save money. Customers can opt out at any time.

Tags: BusinessFinance
TweetShareShare
BlockNews.com Team

BlockNews.com Team

The go-to news source for Cryptocurrency, Blockchain, Technology, & Finance

DON'T MISS THESE! HOT OFF THE PRESS

Web3 Companies Launch Major Grants to Fuel Crypto Market Growth
Breaking News

Web3 Firms Unveil Grants to Bolster Crypto Ecosystem Following Market Revival

December 7, 2023
Blockchain Technology Spearheads Climate Action at COP28
Breaking News

Blockchain Technology Spearheads Climate Action at COP28

December 7, 2023
Meta Leads the Fight Against AI Misuse with Invisible Image Watermarks
Breaking News

Meta Leads the Fight Against AI Misuse with Invisible Image Watermarks

December 7, 2023
Judge Approves Guilty Plea of Binance's Changpeng Zhao
Breaking News

Judge Approves Guilty Plea of Binance’s Changpeng Zhao

December 6, 2023
Google Announces New AI Model Gemini, Here is What you Need to Know
Breaking News

Google Announces New AI Model Gemini, Here is What you Need to Know

December 6, 2023
NeoTokyo The Crypto Gaming Hub
Breaking News

NeoTokyo: The Crypto Gaming Hub

December 6, 2023
Load More
Next Post
Solana Dips 10% as FTX Prepares to Liquidates Billions

Solana Dips 10% as FTX Prepares to Liquidate Billions

Elon Musk Predicts AI Could End the Need for Jobs

Elon Musk Predicts AI Could End the Need for Jobs

Bitcoin Eyes $47,000 by November Amidst 'Uptober' Momentum

Bitcoin Eyes $47,000 by November Amidst 'Uptober' Momentum

Related News

neopets metaverse

Neopets Raises $4 Million to Bring the Classic Browser Game to the Metaverse

January 20, 2023

Unbounded.Earth

July 25, 2022
coinbase japan

Coinbase’s Decision to Leave Japan Could Spell Trouble for the Cryptocurrency Industry

January 21, 2023

Browse by Category

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Featured
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized
Discord Twitter
BlockNews.com

BlockNews.com brings you the most important Crypto and NFT news in the space.

CATEGORIES

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Featured
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized

RECENT POSTS

  • Web3 Firms Unveil Grants to Bolster Crypto Ecosystem Following Market Revival December 7, 2023
  • Blockchain Technology Spearheads Climate Action at COP28 December 7, 2023
  • Meta Leads the Fight Against AI Misuse with Invisible Image Watermarks December 7, 2023

© 2022-2023 BlockNews.com - Crypto and NFT news website by JRNY Club.

No Result
View All Result
  • Home
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides

© 2022-2023 BlockNews.com - Crypto and NFT news website by JRNY Club.