Industry Leaders Launch Infrastructure Financial Data (IFD) Working Group on Asteroid Day at NSF STC and DT RICH Center

▤ Summary

Industry leaders launched the Infrastructure Financial Data Working Group to advance open, standards-based infrastructure financial data. The group will bring together construction, finance, insurance, surety, and digital technology stakeholders around the Application for Payment use case. The initiative builds on existing standards and government data frameworks, especially XBRL, to improve interoperability and reduce manual rekeying and PDF-based workflows. The press release positions the effort as a way to create higher-integrity data exchange for infrastructure, capital markets, and AI-enabled processes.

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