BNY, Snapdocs, Structured Finance Association to Launch VeriCORE Platform for Asset-Backed Securities Market

09:58 AM EDT, 10/16/2026 (MT Newswires) -- Bank of New York Mellon (BNY), Snapdocs and the Structured Finance Association will establish VeriCORE, a centralized digital platform for the US consumer lending and asset-backed securities market, they said Friday. Slated for initial launch in 2027, VeriCORE aims to create a single registry tracking consumer lending from origination through secondary market execution and securitization, the companies and the trade association said. VeriCORE, to be governed by an independent entity, will begin with digitizing auto loans and lease agreements, and over time, aims to extend to additional consumer lending asset classes, including solar and equipment leasing, they added. Price: 145.23, Change: +3.13, Percent Change: +2.21