TOKYO -- Sumitomo Mitsui Financial Group aims to overhaul digital banking and investment services, and capture a new generation of clients, through its new partnership with top Japanese online brokerage SBI Holdings.
Alliance to target young clients with smartphone banking

Sumitomo Mitsui Financial Group is spending roughly half a billion dollars to buy a 9.91% stake in SBI Holdings.
TOKYO -- Sumitomo Mitsui Financial Group aims to overhaul digital banking and investment services, and capture a new generation of clients, through its new partnership with top Japanese online brokerage SBI Holdings.