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Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) is one of the best Japanese stocks to buy right now. On April 22, its SMBC Americas unit launched new cash management and payment features via SMBC Connect.

The new offering is designed to support the payment and liquidity management needs of global clients. SMBC Connect is tailored for online banking and available to US clients. It will include intuitive tools and artificial intelligence integration to mitigate the growing threat of fraud. The solution also provides real-time updates to improve tracking and reduce follow-up.

Earlier on April 9, Sumitomo Mitsui Financial Grp, aircraft leasing subsidiary SMBC Aviation Capital Limited, inched a step closer to acquiring Air Lease Corporation, a US-based aircraft leasing company. The unit has already secured regulatory approvals and clearances from relevant authorities.

With the acquisition, it is poised to solidify its position as a leader in the aircraft leasing industry. The acquisition also paves the way for the company to continue offering aircraft leasing services and investment opportunities.

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) is a leading Japanese bank holding company and one of the world’s largest financial institutions. It provides comprehensive financial services, including banking, leasing, securities, credit cards, and consumer finance, through subsidiaries like Sumitomo Mitsui Banking Corporation (SMBC).

While we acknowledge the potential of SMFG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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