BNY Partners With SFA, Snapdocs to Develop VeriCORE Registry for ABS Market

BNY is partnering with the Structured Finance Association and Snapdocs to form VeriCORE, a digital collateral registry for U.S. consumer lending and asset-backed securities. An initial launch is targeted for 2027, with support for auto loans and lease agreements. The registry aims to digitize loan transfers, strengthen collateral controls and help detect fraud. Snapdocs will develop and maintain the technology; BNY will contribute market infrastructure expertise. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Bank of New York Mellon Corporation published the original content used to generate this news brief on October 16, 2026, and is solely responsible for the information contained therein. (C)