Apple recently released iOS 14.7.1 to fix some bugs in the previous version. iOS 14.7.1 fixes the bug that prevented some users from unlocking their Apple Watch by simply unlocking the paired iPhone via Touch ID. Apple has also fixed some security flaws and improved the overall performance of the operating system.
The update is now in the rollout phase and available to download for free by going to Settings> General> Software Update. We will keep you updated in case of further news.