Spec

Spec is an antifraud and security-orchestration platform that analyses all network traffic without embedding code in the application. The company was founded in 2020 and is based in Santa Clara, California.

How it works The product is deployed as a no-code proxy. The listed capabilities are Customer Journey Inspection, Third-Party Risk Orchestration, and Payment and Account Takeover Defense. According to the company, any external risk score can be plugged in on the fly.

Background Spec states that it was founded by the creators of NetScaler together with a co-founder of Sift.

Target sectors and markets The vendor addresses fintech, e-commerce, gaming, airlines and marketplaces. Stated markets are the United States and Europe, with a global scope. Commercially it is enterprise SaaS, and pricing is agreed per client.

Because nothing is installed in the app itself, release cycles of the protected product are not affected, which is the main argument for teams that cannot easily change their front-end code.