MapInfo Pro - Making background of a raster image transparent for display purposes

Users may wish to make the background pixels surrounding an image transparent for display purposes (see screenshot below for an example of this scenario).

User-added image

To make the background transparent, users can follow the process below:
  1. Navigate to Table > Raster > Adjust Image Styles. 
  2. This will bring up the Adjust Image Styles dialog. Click on the ‘Select Color’ button and select a background colour pixel to make transparent.User-added image
Click OK. The background is now transparent

UPDATED:  April 4, 2017