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

MT newswire2026/10/16 13:58

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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

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A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.

华尔街见闻•2026/10/16 22:46