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Change Labs is an artificial intelligence (AI) company offering prediction and automation tools for retail banks that is headquartered in New York City, New York and was founded in 2015 by Assaf Priel, Dmitri Chebotarev, and Yaniv Levi.
The firm offers retail banks AI models based on advanced behavioral economics for auto-savings, overdraft predictions, dynamic collection, proactive bill payment, and robo-investments. According to the company's website, their AI models require at least 90-days of historical transaction data to provide retail banks value. Data required by the Change Labs AI models include transactional data (date, amount, description, and running balance) and do not require any personal identifiable information. The company also offers an API for the delivery of scores and suggestions for actions retail banks can take for each account they have.
On November 1, 2015 Change Labs announced raising $800,000 in seed funding from Nielsen Innovate.
On October 10, 2016 Change Labs announced raising an undisclosed amount of venture funding from Nielsen Innovate.
On May 30, 2018 Change Labs announced raising $1.4 million in venture funding from undisclosed investors.
