Israel startup Change Labs uses AI to end overdraft payments

A CNN Money report found that Americans paid more than $6 billion in overdraft fees in 2013 to the top three banks alone. A CNN Money report found that Americans paid more than $6 billion in overdraft fees in 2013 to the top three banks alone. Ahead of their official presentation at the Money 20/20 FinTech conference in Las Vegas, Change Labs has announced the launch of their platform and savings product, along with their latest pilot service that they are calling Predictive Overdraft Protection . Co-founded in 2015 by CEO Yaniv Levi, Head of Product Assaf Priel, and CTO Dmitri Chebotarev, Change Labs is on a mission to reshape the way that people behave with their money. So far the company has succeeded in raising $1.3 million in seed capital to reach their alpha testing round from various unidentified backers.